CommScope (NASDAQ:COMM) has agreed to acquire Cable Exchange, a privately held supplier of fiber-optic and copper assemblies for data, voice and video communications.
Cable Exchange, headquartered in Santa Ana, CA, manufactures fiber and copper cables, trunks and related products used in high-capacity data centers and other business enterprise applications. The company, founded in 1986, has two U.S. manufacturing centers, one in Santa Ana and another in Pineville, NC.
The acquisition is intended to deepen CommScope's capabilities in supporting multi-tenant data centers.
"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 CEO Eddie Edwards. "Further, we believe the people, products and performance of Cable Exchange are a great match for CommScope."
The leadership 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.
The acquisition is expected to be completed within the next 60 days, subject to customary closing conditions. CommScope intends to fund the acquisition with cash on hand. Additional terms of the deal were not disclosed.
