ADC and Andrew Corporation agreed to merge, creating a wireline + wireless network infrastructure supplier with $3.3 billion in annual global sales. The deal is structured as a stock-for-stock merger with Andrew becoming a wholly owned subsidiary of ADC. The combined company will be based at ADC’s world headquarters in Minnesota with ADC’s John A. Blanchard continuing as non-executive chairman, and ADC’s Robert E. Switz continuing as its president and CEO.
ADC supplies broad-based connectivity solutions for copper, coaxial, fiber, radio frequency, broadcast and enterprise networks. Andrew provides broad-based wireless solutions for antennas, cable products, base station subsystems, in-building and distributed coverage, geolocation systems and satellite communications.
The combined company will have approximately 20,000 employees worldwide of which approximately 37% are in the United States & Canada, 22% are in Europe, Middle East and Africa, 25% are in Asia-Pacific and 16% in Latin America.
“With accelerating globalization and consolidation among telecommunications service providers and communications equipment suppliers, now is the right time for ADC and Andrew to join forces and grow value as a world leader in network infrastructure solutions,” said Ralph E. Faison, president and CEO of Andrew.
http://www.adc.comhttp://www.andrew.com
