Corning - M&A Summary and Business Overview

ManufacturingCompany

Corning M&A Summary

Corning has acquired 19 companies. A total of 7 acquisitions came from private equity firms. It has also divested 6 assets.

Corning’s largest acquisition to date was in 2000, when it acquired NetOptix for $2.0B. Corning has acquired in 7 different US states, and 5 countries. The Company’s most targeted sectors include communications (24%) and electrical equipment (24%).

Corning Business Overview

Where is Corning headquartered?

Corning is headquartered in Corning, New York.

What is Corning’s revenue?

Corning disclosed revenue of 14,189M USD for 2022 and 14,082M USD for 2021.

How many employees does Corning have?

Corning has 57,500 employees.

What sector is Corning in?

Corning is a manufacturing company.

When was Corning founded?

Corning was founded in 1851.

M&A Summary

  • M&A Total Activity23
    • M&A Buy Activity17
    • M&A Sell Activity6
  • Total Sectors Invested 10
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 16
  • M&A Advisors 2

Corning

Corning, Inc.

One Riverfront Plaza,
Corning, New York 14831
United States,
(607) 974-9000
www.corning.com

Corning is engaged in the manufacture of specialty glass and ceramics. The Company creates and makes keystone components that enable systems for consumer electronics, mobile emissions control, optical communications and life sciences. Corning was incorporated in 1851 and is based in Corning, New York.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 17 - - - - - 17
vol $3.6B $3.6B
Sell (0.2/yr) # 5 - - 1 - - 6
  23

Most Recent M&A

Company Date Value Type
Corning, Inc. - Gentest Business 2022-04-05 - Divestiture
Corning, New York
SpiderCloud Wireless, Inc. 2017-07-19 - Add-on Acquisition
San Jose, California · www.spidercloud.com
STRAN Technologies, Inc. 2016-12-20 - Add-on Acquisition
Naugatuck, Connecticut · www.strantech.com
Alliance Fiber Optic Products, Inc. 2016-04-07 305M USD Add-on Acquisition
Sunnyvale, California · www.afop.com
iBwave Solutions, Inc. 2015-04-02 - Add-on Acquisition
Montreal, Quebec · www.ibwave.com
Mediatech, Inc. 2015-03-26 - Divestiture
Manassas, Virginia · www.cellgro.com
TR Manufacturing, Inc. 2014-12-15 - Add-on Acquisition
Fremont, California · www.trmfginc.com
Samsung Electronics - Fiber Optics Business 2014-12-02 - Divestiture
Haikou, China
Corning Quantum Cascade Laser Business 2014-10-27 - Divestiture
, United States
Corning - SunSensors Operations 2014-05-20 - Divestiture
, United States
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Electrical Equipment 4 (24%) - 1 (17%) -
Communications 4 (24%) 2.0B (55%) - -
Manufacturing 1 (6%) 400M (11%) 2 (33%) -
Software 2 (12%) - - -
Medical Products 1 (6%) - 1 (17%) -
Test/Measurement Equipment 1 (6%) 190M (5%) 1 (17%) -
Healthcare Services 1 (6%) 720M (20%) - -
Machinery 1 (6%) - - -
Plastics 1 (6%) - - -
Technology Hardware 1 (6%) 305M (8%) - -
Life Science - - 1 (17%) -
Total 17 $3.6B 6 -

By Geo

State/Country Buy Value Sell Value
United States 13 3.6B 5 -
  California 4 705M - -
  Massachusetts 3 2.7B - -
  Virginia 2 - 1 -
  New York 1 190M 2 -
  North Carolina 1 - - -
  New Hampshire 1 - - -
  Connecticut 1 - - -
Brazil 1 - - -
Canada 1 - - -
  Quebec 1 - - -
China 1 - - -
France 1 - - -
Germany - - 1 -
Domestic 13 (76%) 3.6B (100%) 5 (83%) -
Cross-border 4 (24%) - 1 (17%) -
Total 17 $3.6B 6 -

Top M&A Advisors

Financial Deals
Lincoln International
 2
Legal Deals
Nixon Peabody LLP
 1

Deal Values

buy # Total
> $1B 1 $2.0B
$100M to $1B 4 $1.6B
TOTAL $3.6B
Largest NetOptix Corp.
$2.0B (2000-02-15)

M&A Connections

Deals
Acquired from
Investor(s)
29%
5 (29%)
Strategic(s)
18%
3 (18%)
Divested to
Strategic(s)
100%
6 (100%)

Company Summary

SECTOR

Manufacturing

Revenue

14,189   1% 2022
14,082   25% 2021
11,303   2% 2020
11,503   2% 2019
11,290   12% 2018
10,116   8% 2017
9,390   4% 2016
9,111   7% 2015
9,715   25% 2014
7,819   3% 2013
8,012   2012
(millions of USD) Show More Show Less

Employees

57,500

Established

1851

Public

NYSE: GLW

Former Name

Corning Glass Works

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