ADC Completes Century Man Communication Acquisition
Thursday January 10, 12:15 pm ET Accelerates Company's Broadband Connectivity Growth Potential in China and Developing Markets
MINNEAPOLIS--(BUSINESS WIRE)--ADC (NASDAQ:
ADCT -
News)(
www.adc.com) today announced the completion of its acquisition of Century Man Communication (
http://www.centuryman.com.cn), a leading provider of communication distribution frame solutions in China.
The acquisition accelerates ADC’s growth potential in China and expands the company’s product offerings, along with adding additional low-cost manufacturing facilities in China and providing a price and feature competitive product offering for effectively competing in high-growth, developing markets.
Century Man Communication is estimated to hold a number two position within the growing domestic Chinese distribution frame connectivity infrastructure market, supporting most of the major telecommunications operators and original equipment manufacturers in China. “We are very pleased to integrate Century Man Communication’s operations into ADC as this acquisition strategically positions us to increase our growth in the China connectivity market and in other faster growing markets outside of the United States, including developing markets elsewhere in Asia, Eastern Europe, Africa and Latin America,” said Robert E. Switz, president and CEO of ADC. “With the acceleration of 3G and fiber-to-the x (FTTX) deployments in China, the addition of Century Man positions ADC to capitalize on the expected increase in capital spending by OEM and carrier customers on connectivity solutions.
Furthermore, this acquisition provides us with more resources, distribution and products to grow our connectivity value to ADC customers worldwide, supporting our long term goal of being the leading global provider of network infrastructure solutions."