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Amphenol to Acquire CommScope’s Mobile Networks Business
Amphenol Corporation has announced plans to acquire certain businesses from CommScope Holding Company, Inc. for $2.1 billion.
The Deal
Amphenol will purchase CommScope’s Outdoor Wireless Networks segment and Distributed Antenna Systems (DAS) business. These businesses had combined sales of approximately $1.2 billion in 2024 with an estimated EBITDA margin of 25%.
| Business | Estimated 2024 Sales |
|---|---|
| Outdoor Wireless Networks | $X Million |
| DAS Business | $Y Million |
| Total | $1.2 Billion |
The deal is expected to close in the first half of 2025, pending regulatory approvals. Amphenol plans to finance the acquisition through existing cash and debt.
Rationale for the Acquisition
Amphenol President and CEO Adam Norwitt said the company is “excited” to add CommScope’s mobile networks businesses and their 4,000 employees. He cited the following rationale for the acquisition:
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The businesses make up the former Andrew Corporation portfolio of products, known for innovation in wireless technology.
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The products are complementary to Amphenol’s existing portfolio in areas like base station antennas and interconnect solutions.
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The deal supports Amphenol’s balanced exposure across different electronics end markets including mobile networks.
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CommScope’s businesses are expected to be accretive to Amphenol’s earnings per share in the first full year post-closing.
In other words, the rationale appears to be gaining complementary product lines and talent, while diversifying revenues and growing profitably.
About the Companies
Amphenol designs, manufactures and markets electrical, electronic and fiber optic connectors worldwide. It has a diversified presence across various interconnect markets such as automotive, broadband communications, mobile devices and more.
CommScope is a provider of infrastructure solutions for communications networks. The businesses it is divesting to Amphenol include outdoor wireless network equipment and distributed antenna systems used in cellular towers and buildings.
That covers the key details of the $2.1 billion acquisition agreement between Amphenol and CommScope. The deal aims to strengthen Amphenol’s mobile networks portfolio through complementary products and talent. Pending approvals, it could close in the first half of 2025.