Friday November 09, 2018

CommScope Buys Arris International for $7.4 Billion

CommScope has agreed to purchase Arris International for $7.4 billion. CommScope has announced that the headquarters for the combined company will stay in Hickory, North Carolina. CommScope is a cable manufacturer and Arris makes equipment for the wireless industry such as modems, cable boxes, DVRs, etc. CommScope has been investing in its wireless infrastructure for years. The combined company is expected to generate $11.3 billion in annual revenue. The CommScope statement can be found here.

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CommScope and ARRIS will bring together a unique set of complementary assets and capabilities that enable end-to-end wired and wireless communications infrastructure solutions that neither company could otherwise achieve on its own. With ARRIS, we will access new and growing markets, and have greater technology, solutions and employee talent that will provide additional value and benefit to our customers and partners.