global leader in infrastructure solutions for communications networks, has
agreed to acquire Cable Exchange, a privately held quick-turn supplier of fiber
optic and copper assemblies for data, voice and video communications.
headquartered in Santa Ana, Calif., manufactures a variety of fiber optic and
copper cables, trunks and related products used in high-capacity data centers
and other business enterprise applications.The company, founded in 1986, specializes in quick-turn delivery of its
infrastructure products to customers from its two U.S. manufacturing centers
located in Santa Ana, Calif. and Pineville, N.C.
complementary acquisition will deepen CommScope’s capabilities in supporting
the growing market for high-capacity, multi-tenant data centers and hyperscale
data centers operated by the world’s largest technology and retail companies. As more user-driven information and commerce
flows through networks, operators are quickly deploying larger and more complex
data centers to support growth in traffic and transactions.
“We are pleased
to further expand our capabilities in the data center market with Cable
Exchange, a trusted and respected provider of critical network infrastructure with
strong customer relationships,” said CommScope President and Chief Executive
Officer Eddie Edwards. “Further, we believe the people, products and
performance of Cable Exchange are a great match for CommScope.
overall business environment remains challenging, we believe Cable Exchange’s
leadership in the attractive quick-turn industry will complement our efforts in
addressing this important market opportunity,” Edwards added.
team and employees of Cable Exchange will join CommScope upon completion of the
transaction. Cable Exchange will operate
as a stand-alone business within CommScope’s Connectivity Solutions segment.
“We are thrilled
to partner with an industry leader like CommScope,” said Cable Exchange
President Joey Hynes. “We look forward to building upon our teams’ capabilities
to serve the growing data center market.”
is expected to be completed within the next 60 days, subject to customary
closing conditions, including receipt of regulatory approvals. CommScope intends to fund the acquisition
with cash on hand. Additional terms of
the deal were not disclosed.
CommScope (NASDAQ: COMM) helps companies around the world
design, build and manage their wired and wireless networks. Our vast portfolio
of network infrastructure includes some of the world’s most robust and
innovative wireless and fiber optic solutions. Our talented and experienced
global team is driven to help customers increase bandwidth; maximize existing
capacity; improve network performance and availability; increase energy efficiency;
and simplify technology migration. You will find our solutions in the largest
buildings, venues and outdoor spaces; in data centers and buildings of all
shapes, sizes and complexity; at wireless cell sites; in telecom central
offices and cable headends; in FTTx deployments; and in airports, trains, and
tunnels. Vital networks around the world run on CommScope solutions.
Follow us on Twitter
and like us on Facebook.
Sign up for our press
releases and blog
press release includes forward-looking statements that are based on information
currently available to management, management’s beliefs, as well as on a number
of assumptions concerning future events. Forward-looking statements are not a
guarantee of performance and are subject to a number of uncertainties and other
factors, which could cause the actual results to differ materially from those
currently expected. Factors that could cause actual
results to differ materially from those in the forward-looking statements
include the risk that CommScope may fail to realize anticipated benefits of the
acquisition or that such benefits may take longer to realize than expected; challenges
and uncertainties affecting the telecommunications industry; the potential
impact of announcement or consummation of the proposed acquisition on
relationships with third parties, including customers, employees and
competitors; and the ability to attract new customers and retain existing
customers in the manner anticipated. You should carefully consider the
foregoing factors and the other risks and uncertainties that affect the
businesses of CommScope, including those described in CommScope’s Annual Report
on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and
other documents filed from time to time with the Securities and Exchange
Commission. In providing forward-looking statements, the company
does not intend, and is not undertaking any obligation or duty, to update these
statements as a result of new information, future events or otherwise.