Amphenol Corporation (NYSE: APH) today announced it had
completed the acquisition of CommScope’s (NASDAQ: COMM) Outdoor
Wireless Networks (OWN) and Distributed Antenna Systems (DAS)
businesses.
“The acquisition of the OWN and DAS businesses brings to
Amphenol a strong portfolio of innovative and advanced technologies
for communications networks,” said Amphenol President and Chief
Executive Officer, R. Adam Norwitt. “We are excited to welcome
nearly 4,000 talented employees to the Amphenol family and look
forward to further supporting our customers who are developing
next-generation wireless networks around the world.”
Amphenol expects the OWN and DAS businesses to generate
full-year 2025 sales of approximately $1.3 billion. Post-closing,
the acquisition is expected to be approximately $0.06 accretive to
Amphenol’s 2025 earnings per share, which excludes
acquisition-related expenses. The OWN and DAS businesses will be
included in the Communications Solutions Segment.
In addition, Amphenol also today announced the closing of the
acquisition of Lifesync Corporation. Lifesync, which generates
annual sales of approximately $100 million, is a high-technology
provider of interconnect products for medical applications.
Lifesync will be included in the Harsh Environment Solutions
Segment.
About Amphenol Amphenol Corporation is one of the world’s
largest designers, manufacturers and marketers of electrical,
electronic and fiber optic connectors and interconnect systems,
antennas, sensors and sensor-based products and coaxial and
high-speed specialty cable. Amphenol designs, manufactures and
assembles its products at facilities in approximately 40 countries
around the world and sells its products through its own global
sales force, independent representatives and a global network of
electronics distributors. Amphenol has a diversified presence as a
leader in high-growth areas of the interconnect market including:
Automotive, Commercial Aerospace, Communications Networks, Defense,
Industrial, Information Technology and Data Communications and
Mobile Devices. For more information, visit www.amphenol.com.
Forward-Looking Statements This press release includes
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995 and the provisions of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. Such
forward-looking statements are based on our management’s
assumptions and beliefs about future events or circumstances using
information currently available, and as a result, they are subject
to risks and uncertainties. Forward-looking statements address
events or developments that Amphenol Corporation expects or
believes may or will occur in the future. These forward-looking
statements, which address the Company’s expected business and
financial performance and financial condition, among other matters,
may contain words and terms such as: “anticipate,” “believe,”
“continue,” “could,” “estimate,” “expect,” “forecast,” “guidance,”
“intend,” “look ahead,” “may,” “ongoing,” “optimistic,” “plan,”
“potential,” “predict,” “project,” “seek,” “should,” “target,”
“will” or “would” and other words and terms of similar meaning.
Forward-looking statements by their nature address matters that
are, to different degrees, uncertain, such as statements about
expected earnings, revenues, growth, liquidity, effective tax rate,
interest rates, the expected timing for the closing of certain
acquisitions or other matters. Although the Company believes the
expectations reflected in all forward-looking statements, including
those we may make regarding expected full year 2025 sales related
to OWN/DAS as well as expected 2025 earnings per share accretion
related to the OWN/DAS acquisition, are based upon reasonable
assumptions, the expectations may not be attained or there may be
material deviation. Readers and investors are cautioned not to
place undue reliance on these forward-looking statements, which
speak only as of the date on which they are made.
There are risks and uncertainties that could cause actual
results to differ materially from these forward-looking statements,
which include, but are not limited to, unanticipated difficulties
relating to the OWN/DAS acquisition, the response of business
partners and competitors to the announcement of the closing of the
transaction, potential disruptions to current plans and operations
and/or potential difficulties in employee retention as a result of
the closing of the OWN/DAS acquisition. Risks and uncertainties
also include the following: political, economic, military and other
risks related to operating in countries outside the United States,
as well as changes in general economic conditions, geopolitical
conditions, U.S. trade policies (including, but not limited to,
sanctions) and other factors beyond the Company’s control;
uncertainties associated with an economic slowdown or recession in
any of the Company’s end markets that could negatively affect the
financial condition of our customers and could result in reduced
demand; risks and impacts associated with adverse public health
developments, including epidemics and pandemics; risks associated
with our inability to obtain certain raw materials and components,
as well as the increasing cost of certain of the Company’s raw
materials and components; cybersecurity threats and techniques used
to disrupt operations and gain unauthorized access to our
information technology systems, including, but not limited to,
malware, social engineering/phishing, credential harvesting,
ransomware, malfeasance by insiders, human or technological error
and other increasingly sophisticated attacks, that continue to
expand and evolve, including through the use of artificial
intelligence and machine learning, which could, among other things,
impair our information technology systems and disrupt business
operations, result in reputational damage that may cause the loss
of existing or future customers, loss of our intellectual property,
the loss of or inability to access confidential information and
critical business, financial or other data, and/or cause the
release of highly sensitive confidential information, and
potentially lead to litigation and/or governmental investigations,
fines and other penalties, among other risks, and risks and impacts
associated with an increasingly demanding regulatory environment
surrounding information security and privacy, including additional
fines, penalties and costs; negative impacts caused by extreme
weather conditions and natural catastrophic events, including those
caused or intensified by climate change and global warming; risks
associated with the increasing scrutiny and expectations regarding
environmental, social and corporate governance matters that could
result in additional costs or risks or otherwise adversely impact
our business; risks associated with the improper conduct by any of
our employees, customers, suppliers, distributors or any other
business partners which could impair our business reputation and
financial results and could result in our non-compliance with
anti-corruption laws and regulations of the U.S. government and
various foreign jurisdictions; changes in exchange rates of the
various currencies in which the Company conducts business; the
risks associated with the Company’s dependence on attracting,
recruiting, hiring and retaining skilled employees, including as
part of our various management teams; risks and difficulties in
trying to compete successfully on the basis of technology
innovation, product quality and performance, price, customer
service and delivery time; the Company’s dependence on end market
dynamics to sell its products, particularly in the communications,
automotive and defense end markets, pricing pressures resulting
from large customers that regularly exert pressure on their
suppliers, including the Company, and changes in defense
expenditures of the U.S. and non-U.S. governments, which are
subject to political and budgetary fluctuations and constraints,
all of which could adversely affect its operating results;
difficulties and unanticipated expenses in connection with
purchasing and integrating newly acquired businesses, including the
potential for the impairment of goodwill and other intangible
assets; events beyond the Company’s control that could lead to an
inability to meet its financial and other covenants and
requirements, which could result in a default under the Company’s
revolving credit facility or any of our various senior notes; risks
associated with the Company’s inability to access the global
capital markets on favorable terms, including as a result of
significant deterioration of general economic or capital market
conditions, or as a result of a downgrade in the Company’s credit
rating; changes in interest rates; government contracting risks
that the Company may be subject to, including laws and regulations
governing reporting obligations, performance of government
contracts and related risks associated with conducting business
with the U.S. and other foreign governments or their suppliers
(both directly and indirectly); governmental export and import
controls as well as sanctions and trade embargoes that certain of
our products may be subject to, including export licensing, customs
regulations, economic sanctions and other laws; changes in fiscal
and tax policies, audits and examinations by taxing authorities,
laws, regulations and guidance in the United States and foreign
jurisdictions; any difficulties in enforcing and protecting the
Company’s intellectual property rights; litigation, customer
claims, voluntary or forced product recalls, governmental
investigations, criminal liability or environmental matters
including changes to laws and regulations to which the Company may
be subject; and incremental costs, risks and regulations associated
with efforts to combat the negative effects of climate change.
A further description of these uncertainties and other risks can
be found in the Company’s Annual Report on Form 10-K for the year
ended December 31, 2023, Quarterly Reports on Form 10-Q and the
Company’s other reports filed with the Securities and Exchange
Commission. These or other uncertainties not identified in these
documents (that we either currently do not expect to have an
adverse effect on our business or that we are unable to predict or
identify at this time) may cause the Company’s actual future
results to be materially different from those expressed in any
forward-looking statements. Our forward-looking statements may also
be impacted by, among other things, future tax, regulatory and
other legal changes that may arise in any of the jurisdictions in
which we operate. The Company undertakes no obligation to update or
revise any forward-looking statements except as required by
law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20250203084459/en/
Sherri Scribner Vice President, Strategy and Investor Relations
203-265-8820 IR@amphenol.com
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