DEALS
Zhong Lun Assists Amphenol Corporation to Acquire CommScope’s Mobile Networks Business
Zhong Lun Assists Amphenol Corporation to Acquire CommScope’s Mobile Networks Business
On July 18, 2024, electronics manufacturer Amphenol Corporation (NYSE: APH) announced a definitive agreement on its website to acquire CommScope’s (NASDAQ: COMM) mobile networks businesses for USD 2.1 billion in cash, subject to customary post-closing adjustments. The deal includes the purchase of CommScope’s Outdoor Wireless Networks (OWN) segment as well as the Distributed Antenna Systems (DAS) business which resides in CommScope’s Networking, Intelligent Cellular and Security Solutions (NICS) segment. Amphenol expects to finance the acquisition through a combination of cash on hand and debt. Subject to the receipt of customary regulatory approvals and other closing conditions, the deal is expected to close in the first half of 2025.
In Amphenol’s announcement, Amphenol President and Chief Executive Officer, R. Adam Norwitt said that “We look forward to supporting customers who are developing next-generation wireless networks around the world with these advanced solutions as well as our own existing complementary products. Finally, this acquisition further supports Amphenol’s long-term growth and balanced end market exposure across all areas of the electronics market.”
Zhong Lun Law Firm, acting as the PRC legal counsel of Amphenol Corporation, has provided comprehensive legal services for this transaction, including legal due diligence, review of global and China transaction documents, as well as assistance in completion of signing of the transaction documents and closing of the deal. The project is led by partner Audry Hong Li, and associates on the project team include Lida Shi, Ricardo Li, and Issac Wang.
According to public information, Amphenol Corporation is one of the world’s largest designers, manufacturers and marketers of electrical, electronic and fiber optic connectors and interconnect systems, antennas, sensors and sensor-based products and coaxial and high-speed specialty cable. CommScope’s mobile networks sector has advanced technologies in the areas of base station antennas and related interconnect solutions, as well as distributed antenna systems, and is pushing the boundaries of technology to create the world’s most advanced wired and wireless networks.
