CommScope, Inc., and Shenzhen Tatfook Technology Co., Ltd., have entered
into definitive agreements under which Tatfook will acquire CommScope’s
filter manufacturing subsidiary and serve as a long-term manufacturer of
CommScope filter products used in wireless networks.
Tatfook will purchase Forem (Shenzhen) Co., Ltd., in a transaction that
is expected to close by the end of the third quarter. The sale
transaction includes the CommScope manufacturing facility in Shenzhen
and certain equipment, inventory and employees.
CommScope will retain critical capabilities and competencies that are
important to providing filtering solutions to the global wireless
market, including customer relationships, a world-recognized brand,
product innovation and R&D, global customer support and customer
contracts. Meanwhile, upon closing, the approximately 490 employees at
Forem (Shenzhen) will become employees of Tatfook, and Tatfook will
manufacture CommScope’s filter products.
“The rapid evolution to new radio frequencies and technologies, such as
LTE, along with trends such as site sharing and operator consolidation,
has spurred greater demand for filtering solutions in wireless
networks,” said Randy Crenshaw, chief operating officer, CommScope. “New
network technologies and multiple radio frequency bands require
additional filtering to eliminate unwanted signals and interference.
“We believe this transaction can help us increase the long-term strength
of our Filter business and provide us with additional opportunities for
success in serving customers. A strong manufacturing specialist such as
Tatfook provides us with significantly larger manufacturing scale and
local supply chain expertise, which helps CommScope improve flexibility,
cycle times and cost structure.”
The transaction is subject to certain Chinese governmental and
regulatory approvals, as well as other customary closing conditions.
Detailed terms of the transaction are not being disclosed.
Shenzhen Tatfook Technology Co., Ltd. (www.tatfook.com)
is one of the global leading manufacturing service providers engaging
both in radio frequency subsystem solutions and structural assembly in
the application of mobile telecommunication base stations. Established
in June 2001 and headquartered in Shenzhen, Tatfook has five R&D centers
(in Beijing, Shanghai, Shenzhen, Chengdu and Italy) and two large
manufacturing bases in Shenzhen and Anhui. Thanks to the efforts of more
than 4000 employees, Tatfook is adept at satisfying customer’s
expectations with its quick response, first-class service and low cost.
Tatfook has been listed on China’s Stock Market since October 26th, 2010
with stock code 300134.
has played a role in virtually all the world’s best communication
networks. We create the infrastructure that connects people and
technologies through every evolution. Our portfolio of end-to-end
solutions includes critical infrastructure our customers need to build
high-performing wired and wireless networks. As much as technology
changes, our goal remains the same: to help our customers create,
innovate, design, and build faster and better. We’ll never stop
connecting and evolving networks for the business of life at home, at
work, and on the go.
This 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. 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.