CommScope is planning to acquire Cable Exchange. Cable Exchange manufactures a variety of fiber optic and copper cables, trunks, and related products used in high-capacity data centers and other business enterprise applications.
This highly complementary acquisition will strengthen CommScope's capabilities in supporting the growing market for high-capacity, multitenant data centers and hyperscale data centers operated by the world's largest technology and retail companies. As more user-driven information and commerce flows through networks, operators are quickly deploying larger and more complex data centers to support growth in traffic and transactions.
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, including receipt of regulatory approvals. CommScope intends to fund the acquisition with cash on hand.