Infrastructure services provider CommScope (NASDAQ: COMM) has agreed to acquire fiber-optic and copper assemblies supplier Cable Exchange for an undisclosed sum. CommScope plans to fund the transaction with cash on hand.
Founded in 1986, Cable Exchange manufactures fiber optic cables and copper cables, trunks, and related products for high-capacity data center use. The privately held company has two U.S. manufacturing centers located in Santa Ana, CA and Pineville, NC, and specializes in quick-turn delivery of fiber-optic and copper assemblies for data, voice, and video communications networks.
CommScope believes the acquisition will broaden its ability to support the market demand for high-capacity multi-tenant and hyperscale 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 Eddie Edwards, CommScope president and CEO. "Further, we believe the people, products, and performance of Cable Exchange are a great match for CommScope."
Once the transaction is finalized, the Cable Exchange leadership team and employees will join CommScope, leaving Cable Exchange to operate as a stand-alone business within CommScope’s Connectivity Solutions segment. Customary closing conditions permitting, the acquisition is expected to be completed within the next 60 days.
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