CommScope is all set to acquire Cable Exchange, a privately held supplier of fibre optic and copper assemblies for data, voice and video communications.
Cable Exchange, headquartered in Santa Ana, Calif., manufactures a variety of fibre optic and copper cables, trunks and related products used in high-capacity data centres and other business enterprise applications.
“We are pleased to further expand our capabilities in the data centre market with Cable Exchange, a trusted and respected provider of critical network infrastructure with strong customer relationships,” said CommScope president and chief executive officer Eddie Edwards. “Further, we believe the people, products and performance of Cable Exchange are a great match for CommScope.
“While the overall business environment remains challenging, we believe Cable Exchange’s leadership in the attractive quick-turn industry will complement our efforts in addressing this important market opportunity,” Edwards added.
“We are thrilled to partner with an industry leader like CommScope,” said Cable Exchange president Joey Hynes. “We look forward to building upon our teams’ capabilities to serve the growing data center market.”
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 complete within the next 60 days, subject to customary closing conditions and regulatory approvals.