The acquisition was completed for approximately $172 million in cash. This amount is inclusive of a retention bonus pool that will be paid to most of FONS' current employees; FONS has approximately 60 employees worldwide and estimated calendar 2005 sales of $95 million. According to ADC, the acquisition approximately doubles ADC's FTTx outside plant business to greater than 10 percent of total sales.
In addition to a facility in Marlboro, Mass., FONS has strategic partnerships and outsourcing relationships in countries including Mexico, Japan and China.
For more information, visit: www.adc.com