AI Hardware

Amphenol Corporation to Acquire Mobile Networks Businesses From CommScope

Amphenol Corporation announced the acquisition of CommScope’s mobile networks businesses for $2.1 billion in cash, subject to customary post-closing adjustments.

By Priya Khosla July 22, 2024

Source: Amphenol

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.

“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,” said Amphenol President and Chief Executive Officer, R. Adam Norwitt.

Read the full article here.