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Commscope buys TE Connectivity businesses for USD 3 bln

2015-01-28 14:45:00| Telecompaper Headlines

(Telecompaper) CommScope has agreed to acquire TE Connectivity's Telecom, Enterprise and Wireless operations for USD 3 billion in cash. The transaction was approved by the boards of directors of both companies. The Telecom, Enterprise and Wireless businesses generated annual revenues of USD 1.9 billion in TE's fiscal year to 26 September, including USD 1.1 billion from the Telecom business, USD 627 million from Enterprise and USD 164 million from Wireless. The combined company's pro forma results for the twelve months to end September would have been USD 5.8 billion in net sales and USD 1.2 billion in adjusted EBITDA. The transaction is expected to add over 20 percent to CommScope's adjusted earnings per share by the end of the first full year after closing. Upon completion, CommScope's overall sales will be made up of Wireless (to 46% of sales from 65%), Enterprise (to 26% from 22%) and Broadband Connectivity (to 28% from 13%).

Tags: businesses usd connectivity buys

 

Maroc Telecom buys Etisalat West Africa ops

2015-01-28 01:00:00| Total Telecom industry news

Telco pays 474 billion for six operating units and IT business from parent company.

Tags: west africa telecom maroc

 
 

Nashvilles PHG Energy Buys Florida Waste-to-Energy Facility

2015-01-27 23:06:47| Waste Age

PHG Energy of Nashville has purchased a waste-to-energy (WTE) operation and other assets in the bankruptcy of MaxWest Environmental Systems Inc. read more

Tags: energy florida facility buys

 

Piovan buys majority stake in Italian material handling equipment maker Penta

2015-01-27 18:47:30| Canadian Plastics Headlines

Italy-based auxiliary equipment company Piovan has bought a majority stake in the Italian materials handling company Penta. According to a statement from Piovan, the acquisition is a further important step in completing the range of solutions in the plastics sectors… The post Piovan buys majority stake in Italian material handling equipment maker Penta appeared first on Canadian Plastics.

Tags: material equipment italian handling

 

Celadon Buys N.C. Carrier Taylor Express

2015-01-26 17:55:57| Trucking - Topix.net

Celadon Group Inc. purchased Taylor Express Inc., a regional dry van and dry bulk for-hire and dedicated truckload carrier, for $43 million in cash, the Indianapolis-based carrier announced Jan. 26. Taylor, which will operate as an independent subsidiary, has operations that principally serve the tire and retail industry, mostly in the South and Southeast. It is based in Hope Mills, North Carolina.

Tags: express taylor carrier buys

 

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