ADC acquires KRONE

ADC, a leading provider of global network infrastructure products and services will acquire cable and connectivity stalwart KRONE. The proposed acquisition is valued at approximately $ 350 million. The finalization of the agreement is expected within 90 days, subject to customary conditions including regulatory and other approvals.

“This is an ideal acquisition and a perfect fit with ADC's new strategic initiative to become the leader in global network infrastructure solutions and services,” said Robert E. Switz, president and CEO of ADC.

According to ADC, the combination of both company's product lines, people and facilities, will result in a large global presence in the supply of network infrastructure solutions, including:

• copper and fiber central office infrastructure technology
• diversified global customer base serving major communications service providers worldwide
• leading market share in the enterprise structured cabling systems market via KRONE's advanced products
• accelerated entry into the emerging growth markets of China, India, Russia, Eastern Europe, and Southeast Asia
• broader product portfolio with a worldwide opportunity to cross-sell and up-sell existing and upcoming products
• competitive cost leadership through global manufacturing, engineering and supply chain management.