Dan’s Biz Bookshelf: ‘Brand Hijack: Marketing Without Marketing’
Happy’s Tech Talk #35: Yields March to Design Rules
The Power of Consistency: Showing Up Every Day is Half the Battle
Amphenol Corporation to Acquire Mobile Networks Businesses From CommScope
July 18, 2024 | Amphenol CorporationEstimated reading time: 1 minute
Amphenol Corporation announced a definitive agreement to acquire CommScope’s mobile networks businesses for $2.1 billion in cash, subject to customary post-closing adjustments. The deal includes the purchase of CommScope’s Outdoor Wireless Networks (OWN) segment as well as the Distributed Antenna Systems (DAS) business which resides in CommScope’s Networking, Intelligent Cellular and Security Solutions (NICS) segment. These combined businesses are currently expected to have full-year 2024 sales and EBITDA margins of approximately $1.2 billion and 25%, respectively. Assuming a continuation of current economic conditions, the acquisition is expected to be accretive to Amphenol’s Diluted Earnings Per Share in the first full year after closing, excluding acquisition-related costs.
“We are excited by the prospect of adding CommScope’s mobile networks businesses and their approximately 4,000 talented employees to the Amphenol family,” said Amphenol President and Chief Executive Officer, R. Adam Norwitt. “CommScope provides mobile networks solutions, with advanced technologies in the areas of base station antennas and related interconnect solutions, as well as distributed antenna systems. In particular, we are encouraged that the businesses we are acquiring make up the former Andrew Corporation portfolio of products, a company with a rich history of innovation and technology leadership in the wireless industry. We look forward to supporting customers who are developing next-generation wireless networks around the world with these advanced solutions as well as our own existing complementary products. Finally, this acquisition further supports Amphenol’s long-term growth and balanced end market exposure across all areas of the electronics market.”
Amphenol expects to finance the acquisition through a combination of cash on hand and debt. Subject to the receipt of customary regulatory approvals and other closing conditions, the deal is expected to close in the first half of 2025.
Amphenol looks forward to discussing the acquisition when the Company reports second quarter 2024 earnings on July 24, 2024.
Share on:
Suggested Items
Mobile Robots Set to Reach 2.8 Million Shipments by 2030 as Applications Expand Across Industries
12/13/2024 | ABI ResearchMobile robot shipments will remain the highest across all robot form factors. ABI Research, a global technology intelligence firm, forecasts shipments to grow from 547,000 units in 2023 to 2.79 million by 2030, a CAGR of 24.1%.
Global Semiconductor Market to Grow by 15% in 2025, Driven by AI
12/13/2024 | IDCThe global demand for artificial intelligence (AI) and high-performance computing (HPC) will continue to rise, growing by over 15% in 2025, according to IDC ’s latest Worldwide Semiconductor Technology Supply Chain Intelligence report. Major application markets, ranging from cloud data centers to specific industry segments, are expected to undergo upgrades, heralding a new boom for the semiconductor industry.
HANZA Acquires Leden
12/13/2024 | HANZAHANZA AB has signed an agreement to acquire Leden Group, a leading Finnish company in advanced mechanics manufacturing with a turnover of approximately SEK 1,1 billion.
GPV Completes Factory Re-Layout in Thailand
12/12/2024 | GPVIn mid-December 2024, our team in Thailand completed the re-layout activities of our refurbished, former mechanics factory in Thailand. The electronics factory is now 22,000 sqm.
How Printed Circuit Boards Power Our Everyday Gadgets
12/12/2024 | PRNewswireAccording to the latest study from BCC Research, the demand for Printed Circuit Boards: Technologies and Global Markets was valued at $67.9 billion in 2023 and is projected to grow from $70.9 billion in 2024 to $92.4 billion by the end of 2029, at a compound annual growth rate (CAGR) of 5.4% from 2024 through 2029.