April 30, 2009--AFL Telecommunications has signed an agreement to purchase Draka's Optical Ground Wire (OPGW) business based in Monchengladbach, Germany. The acquisition, says AFL, positions it as the leading OPGW manufacturer worldwide, increasing its reach in additional countries of Europe, Africa and the Middle East.
Optical ground wire is a dual-functioning cable that serves as ground wire for power lines, while providing a path for the transmission of voice, video, or data signals by incorporating optical fibers into the design of the cable. OPGW is placed at the highest point on power utility structures, allowing for fast, cost-effective installations with exceptional reliability.
"The combined business synergies will enhance our technologies, increase manufacturing efficiencies and leverage the value of what we offer our customers," says Jody Gallagher, AFL Telecommunications' president and CEO. "Not only will our capacity increase, but it will enable us to enhance our capability and flexibility along with our ability to meet the increasing demands of our customers." AFL Telecommunications currently manufactures OPGW cables in the U.S. and United Kingdom.
Terms of the acquisition are undisclosed, and are subject to customary closing conditions and standard procedures due to local legislation.
On the Web: www.afltele.com
