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M&A Deal Summary

Corning Acquires Bargoa S/A

On February 27, 2013, Corning acquired communications company Bargoa S/A from Abengoa

Acquisition Highlights
  • This is Corning’s 3rd transaction in the Communications sector.
  • This is Corning’s 1st transaction in Brazil.

M&A Deal Summary
Date 2013-02-27
Target Bargoa S/A
Sector Communications
Buyer(s) Corning
Sellers(s) Abengoa
Deal Type Divestiture

Target

Bargoa S/A

Rio de Janeiro, Brazil
Bargoa S/A, provides a wide range of connectivity solutions for the Brazilian telecommunications sector.

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Buyer(S) 1

Buyer

Corning

Corning, New York, United States
Category Company
Founded 1851
Sector Manufacturing
Employees49,800
Revenue 12.6B USD (2023)
DESCRIPTION

Corning is a manufacturer 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 founded in 1851 and is based in Corning, New York.

DEAL STATS #
Overall 11 of 17
Sector (Communications) 3 of 4
Type (Divestiture) 2 of 3
Country (Brazil) 1 of 1
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-01 Discovery Labware

Billerica, Massachusetts, United States

Discovery Labware unit’s main product platforms: plastic consumable labware (including tubes, pipettes, Petri dishes, tissue culture dishes, and flasks); liquid-handling products; cell-based assays and cell cultureware; and ADME research.

Buy $720M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-20 Corning - SunSensors Operations

United States

Corning - SunSensors Operations comprises manufacturing rights to SunSensors brand of photochromic organic lens materials which includes SunSensors and SunSensors brands.

Sell -

Seller(S) 1

SELLER

Abengoa

Seville, Spain
Category Company
Founded 1941
Sector Renewable Energy
Employees10,780
Revenue 1.3B EUR (2020)
DESCRIPTION

Abengoa is an international company that applies innovative technology solutions for sustainability in the infrastructures, energy and water sectors. Abengoa was founded in 1941 and is based in Seville, Spain.

DEAL STATS #
Overall 1 of 3
Sector (Communications) 1 of 1
Type (Divestiture) 1 of 3
Country (Brazil) 1 of 2
Year (2013) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-18 Befesa Medio Ambiente S.A.

Seville, Spain

Befesa Medio Ambiente S.A. is a provider of an innovative sustainable solutions for the management and recycling of industrial residues.

Sell $814M
Mergr

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