Amphenol to acquire connectivity and cable solutions business from CommScope for $10.5bn.

Amphenol, a producer of electronic and fiber optic connectors, cable and interconnect systems such as coaxial cables, agreed to acquire connectivity and cable solutions business from CommScope, a network infrastructure provider, for $10.5bn. “CCS is a premier and iconic business with a wide array of innovative fiber optic and other interconnect technology and product capabilities, as well as a broad IP portfolio that is supported by the business’s robust research and development capabilities. In particular, CCS’s broad portfolio of fiber optic interconnect solutions for the rapidly growing IT datacom market, including for artificial intelligence applications, is highly complementary to Amphenol’s already strong product offerings in this market. In addition, the acquisition adds new fiber optic interconnect competencies to our offerings for the communications networks market, while also expanding our capabilities in the industrial market through CCS’s building infrastructure connectivity solutions," Adam Norwitt, Amphenol President and CEO.