Corning selling its German data cabling business to Prysmian

May 13, 2016
The business reported sales of approximately 22M € in Category 5, 6 and 7 data cabling products in 2015.

Prysmian Group announced it has entered into an agreement for the acquisition of the copper data cable operation located in Germany from Corning Optical Communications. “The acquired business reported sales of approximately 22 million euros in 2015, and consists of a plant for the production of Cat 5, Cat 6 and Cat 7 cables,” Prysmian said in the announcement.

“The investment will allow the group to further expand its presence and speed up growth strategy in the multimedia solutions business segment,” Prysmian continued. “In particular the acquired business will enhance the group’s product offering for high-capacity and flexible cable for data transmission and data center solutions.”

The company did not provide an anticipated timeframe for the acquisition’s closing, but said it is subject to customary closing conditions.

Sponsored Recommendations

Cat 6A Frequently Asked Questions

April 29, 2024
At CommScope we know about network change and the importance of getting it right. Conclusion Category 6A cabling and connectivity.

Revolutionize Your Network with Propel Fiber Modules

Oct. 24, 2023
Four sizes of interchangeable Propel fiber modules provide the breadth of capabilities for virtually any configuration.

Elevate Your Network with Propel High-Density Panels

Oct. 24, 2023
Propel Series Sliding Fiber Optic Panels

Constellation™ - Explore power and data products

Oct. 24, 2023
Discover the Essentials for Building Your Power and Data System!