Vantiva to acquire the Home Networks division of CommScope for up to $118m.

Vantiva, a global technology company, agreed to acquire the Home Networks division of CommScope, an American network infrastructure provider, for up to $118m. "This planned strategic acquisition represents a unique transformative opportunity for Vantiva. It will enable us to reinforce Vantiva’s Connected Home operations, accelerate our innovation roadmap and expand into new markets through additional commercial partnerships. From a financial perspective, the acquisition of Home Networks will substantially increase the scale of our business while also generating synergies, which will significantly strengthen our free cash flow generation potential. This will result in a value-enhancing transaction benefiting all stakeholders, including end-consumers, customers, employees, shareholders and lenders. Subject to various approvals, we will be thrilled to welcome CommScope as a shareholder in Vantiva and our new colleagues joining us from CommScope Home Networks," Luis Martinez-Amago, Vantiva CEO.