CommScope to Acquire Signal Vision, Inc.
March 19 2007 - 8:30AM
PR Newswire (US)
Acquisition of Leading Supplier of Radio Frequency Subscriber
Products Will Expand CommScope's Broadband Portfolio HICKORY, N.C.,
March 19 /PRNewswire-FirstCall/ -- 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(R) Solutions(TM) and
Uniprise(R) 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. This press release includes forward-looking statements
that are based on information currently available to management,
management's beliefs, as well as on a number of assumptions
concerning future events. These forward-looking statements are
identified by the use of certain terms and phrases, including but
not limited to "intend," "goal," "estimate," "expect," "project,"
"plans," "anticipate," "should," "designed to," "foreseeable
future," "believe," "think," "scheduled" and similar expressions.
Forward-looking statements are not a guarantee of performance and
are subject to a number of uncertainties and other factors, which
could cause the actual results to differ materially from those
currently expected. The potential risks and uncertainties that
could cause actual results to differ materially include, but are
not limited to, unforeseen facts that might arise during the
company's due diligence process; the ability of the company to
complete the acquisition; the challenges of integration associated
with the acquisition; the challenges of achieving anticipated
synergies; expected demand from Signal Vision's customers and any
statements of belief and any statements of assumptions underlying
any of the foregoing. For a more detailed description of the
factors that could cause such a difference, please see CommScope's
filings with the Securities and Exchange Commission. In providing
forward-looking statements, the company does not intend, and is not
undertaking any obligation or duty, to update these statements as a
result of new information, future events or otherwise. Visit
CommScope at our Website- http://www.commscope.com/ DATASOURCE:
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/
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