Sunday, November 11, 2007

ADC to Acquire Century Man Communication for Distribution in China

ADC plans to acquire Century Man Communication, a leading provider of communication distribution frame solutions in China, for $55 million in cash, at close, plus contingent cash payments of up to $15 million during the 36 months following the close of the transaction, based on meeting agreed upon financial performance metrics.

ADC said the acquisition would provide it with four key benefits: (1) accelerate ADC's growth potential in China, (2) expand its product offerings, (3) add additional low-cost manufacturing facilities in China, and (4) provide a price and feature competitive product offering for effectively competing in the high-growth, developing markets.

Century Man Communication had sales of approximately US $40 million in the 12 months ending September 30, 2007.

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