Amphenol Inks Deal to Buy CommScope's Connectivity and Cable Business
Amphenol announced Monday an agreement to buy CommScope’s connectivity and cable solutions (CCS) business -- with 15,000 employees -- for $10.5 billion in cash. It's the second deal between the companies. Amphenol said the buy expands its “interconnect product capabilities in the fast-growing IT datacom market … adding fiber optic interconnect products for artificial intelligence and other data center applications.”
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Amphenol CEO Adam Norwitt said CCS is “a premier and iconic business with a wide array of innovative fiber optics well as a broad [intellectual property] portfolio that is supported by the business’s robust research and development capabilities.” In February, CommScope completed the proposed sale of its outdoor wireless networks unit and distributed antenna systems business to Amphenol for $2.1 billion (see 2502030019).