Corning to acquire DAS technology
FEBRUARY 1, 2011 -- Corning Inc. has signed an agreement to acquire MobileAccess, a provider of wireless network solutions. Terms are not being disclosed; the company expects the deal to be completed by the end of March 2011.
FEBRUARY 1, 2011 -- Corning Inc. has signed an agreement to acquire MobileAccess, a provider of wireless network systems. Terms are not being disclosed; the company expects the deal to be completed by the end of March 2011.
The acquisition puts Corning into the distributed antenna system (DAS) wireless segment. The technology and business acquired in the deal will be integrated into Corning Cable Systems. MobileAccess is headquartered in Vienna, Va., and has a technology center in Tel Aviv, Israel.
The acquisition, according to a Corning spokesperson, is expected to "enable Corning to accelerate a key area of focus within the company's telecommunications growth strategy: the DAS wireless segment. With this acquisition, Corning can expand its line of innovative telecommunications solutions beyond its fiber-to-the-home (FTTH) and enterprise optical systems. MobileAccess provides a strong portfolio of innovative DAS solutions and established wireless technical expertise in radio-frequency design, engineering, and software development. These capabilities complement Corning's DAS development efforts and will enable the company to extend its leadership as a connectivity solutions company."
"We are very excited about the opportunity to expand Corning's presence in the rapidly growing DAS wireless segment. MobileAccess has a provien history of delivering customer-driven innovative solutions. We look forward to building a bright future in wireless networks," comments Clark S. Kinlin, Corning Cable Systems' president and chief executive officer.
"Working with Corning...provides MobileAccess with a great opportunity to extend our strong position in the growing wireless market," says MobileAccess's CEO Ron Kaiser. "The closely aligned strategies and values of the two comapnies should ensure that our customers will continue to receive industry-leading, innovative wireless solutions and superior customer service."