Amphenol Corporation to Acquire Mobile Networks Businesses from CommScope. READ: https://lnkd.in/eYAR7d25
Wallingford, CT – July 18, 2024 – Amphenol Corporation (NYSE: APH), a leading global provider of advanced technology interconnect, antenna, and sensor solutions, today announced a definitive agreement to acquire the Mobile Networks businesses from CommScope (NASDAQ: COMM), a global leader in network connectivity solutions. This strategic acquisition underscores Amphenol's commitment to expanding its footprint in the fast-growing mobile communications market.
The Mobile Networks businesses, known for their cutting-edge solutions in network infrastructure, provide critical components for the deployment of advanced 5G networks. This acquisition will enable Amphenol to enhance its product offerings and deliver comprehensive solutions to customers across the telecommunications sector.
R. Adam Norwitt, President and CEO of Amphenol, commented, "We are excited to welcome the talented team from CommScope’s Mobile Networks businesses to the Amphenol family. This acquisition aligns with our strategy of providing industry-leading connectivity solutions to our customers and expanding our capabilities in the mobile networks arena. Together, we will be well-positioned to meet the growing demands of the 5G revolution."
The transaction, expected to close by the end of 2024, is subject to customary closing conditions and regulatory approvals. Upon completion, the integration of CommScope's Mobile Networks businesses will further strengthen Amphenol’s position as a premier supplier in the global telecommunications market.
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3wDon’t work for Amphenol they are a terrible company to work for especially with Mario as your boss he will give you projects with little to no guidance and won’t even be able to handle firing you face to face and will have HR do it. He doesn’t care about you or your family. He will fire you and not even warn you that you should be looking for an new job.