TE Connectivity Ltd. (NYSE: TEL), a maker of equipment used in harsh environments, agreed to buy health-care device company Creganna Medical from buyout firm Permira Advisers for $895 million in cash.

The purchase will add about 3 cents a share to TE Connectivity’s adjusted earnings in the first full year after the acquisition is completed, the Schaffhausen, Switzerland- based company said in a statement Tuesday.

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