Amphenol to Acquire CommScope's CCS Business for $10.5 Billion

Amphenol has agreed to acquire CommScope's CCS business for $10.5 billion in cash, enhancing its capabilities in the IT datacom and communications networks markets. The acquisition is expected to generate $3.6 billion in sales and 26% EBITDA margins in 2025, diversifying Amphenol's product offerings and strengthening its market position. The deal is expected to close in the first half of 2026 and will be financed through cash on hand and debt.

Amphenol Corporation has announced a definitive agreement to acquire CommScope's Connectivity and Cable Solutions (CCS) business for $10.5 billion in cash. The acquisition, which is subject to customary post-closing adjustments, will expand Amphenol's interconnect product capabilities in the fast-growing IT datacom market and diversify its portfolio of fiber optic and other interconnect solutions [1].

The CCS business operates as three distinct entities: Data Center Connectivity Solutions, Broadband Communications, and Building Connectivity Solutions. These divisions primarily serve the IT datacom market, communications networks market, and industrial market, respectively. The acquisition will add significant fiber optic interconnect capabilities for artificial intelligence and data center applications, as well as a diverse range of industrial interconnect products for building infrastructure connectivity [1].

Amphenol anticipates that the CCS business will generate sales and EBITDA margins of approximately $3.6 billion and 26% in 2025, respectively. The acquisition is expected to be accretive to Amphenol's Diluted EPS in the first full year after closing, excluding acquisition-related costs [1].

The acquisition will be financed through a combination of cash on hand and debt, with committed financing obtained from J.P. Morgan Securities LLC, BNP Paribas, and Mizuho Bank, Ltd. The transaction is expected to close in the first half of 2026, subject to the receipt of customary regulatory approvals and the satisfaction of other closing conditions [1].

Amphenol's President and CEO, R. Adam Norwitt, expressed excitement about the acquisition, noting that the CCS business is a premier and iconic business with a wide array of innovative technology and product capabilities. He also emphasized that the acquisition adds new fiber optic interconnect competencies to Amphenol's offerings for the communications networks market and expands its capabilities in the industrial market [1].

The acquisition of the CCS business follows Amphenol's earlier acquisition of the Andrew business from CommScope, further strengthening Amphenol's position in the interconnect market. The deal is expected to bring significant benefits to Amphenol, including enhanced market share and increased revenue streams [1].

References:
[1] https://investors.amphenol.com/news-and-events/news-details/2025/Amphenol-Corporation-to-Acquire-Connectivity-and-Cable-Solutions-Business-From-CommScope/default.aspx