Dec 28, 2007 (06:12 AM EST)
CommScope Completes $2.65 Billion Acquisition Of Andrew Corp.
Read the Original Article at InformationWeek
CommScope says it has completed its $2.65 billion acquisition of Andrew Corp., noting that its effort to provide customers with "last mile" communications will be greatly enhanced by Andrew's product and services portfolio.
Andrew has billed itself as a "one-stop, end-to-end global manufacturer and supplier of RF [radio frequency] systems and solutions." As such, the company and its strength in wireless systems will nicely complement CommScope's market, the companies said.
Last June, the two companies announced that CommScope planned to acquire most of Andrew's stock in a mostly cash transaction. In addition to beefing up CommScope's wireless offerings, its acquisition of Andrew will lead to improved manufacturing procedures for the production of coax cable.
"We believe this combination will further enhance CommScope's position," said Frank M. Drendel, chairman and CEO of CommScope, in a statement. "We expect to expand our global service model and create an enhanced offering of communications infrastructure solutions that addresses a broader spectrum of customer needs."
In addition to RF systems, Andrew has developed markets in traditional wireless networks, 3G technologies, Internet services, and specialized applications in microwave, satellite, radar, HF, and MilSatCom communications. CommScope's Drendel emphasized the value to its "last mile" strategy of the acquisition. CommScope has traditionally provided both wireline and wireless "last mile" infrastructure to a range of enterprise and carrier customers and partners.
CommScope said Andrew officially became a wholly owned subsidiary on Thursday.