CommScope to Acquire Signal Vision, Inc.
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Acquisition of Leading Supplier of Radio Frequency Subscriber Products Will Expand CommScope's Broadband Portfolio
HICKORY, N.C., March 19 / -- CommScope, Inc. (NYSE:CTV), a world leader in infrastructure solutions for communication networks, today announced it has signed a definitive agreement to acquire substantially all of the assets of Signal Vision, Inc., a leading supplier of broadband radio frequency subscriber products. Signal Vision's product lines include digital passives, indoor amplifiers and addressable taps. Signal Vision had revenues of less than $30 million in 2006.
"The addition of the Signal Vision line provides CommScope with a more integrated suite of products for the last mile in broadband networks," said Jim Hughes, Executive Vice President, Broadband Sales & Marketing. "We believe there is significant potential to expand the reach of Signal Vision's products through CommScope's worldwide channels."
The transaction, which is subject to due diligence and customary closing conditions, is expected to close in the second quarter.
About CommScope
CommScope is a world leader in infrastructure solutions for communication networks. Through its SYSTIMAX® Solutions(TM) and Uniprise® Solutions brands, CommScope is the global leader in structured cabling systems for business enterprise applications. It is also the world's largest manufacturer of coaxial cable for Hybrid Fiber Coaxial applications. Backed by strong research and development, CommScope combines technical expertise and proprietary technology with global manufacturing capability to provide customers with high-performance wired or wireless cabling solutions.
Visit CommScope at our Website- http://www.commscope.com/
Source: CommScope, Inc.
CONTACT: Phil Armstrong, Investor Relations, +1-828-323-4848, or Betsy Lambert, APR, Media Relations, +1-828-323-4873, both of CommScope, Inc.
Web site: http://www.commscope.com/
