M&A Deal Summary

Corning Acquires Samsung Electronics - Fiber Optics Business

On December 2, 2014, Corning acquired electrical equipment company Samsung Electronics - Fiber Optics Business from Samsung Electronics

Acquisition Highlights
  • This is Corning’s 2nd transaction in the Electrical Equipment sector.
  • This is Corning’s 1st transaction in China.

M&A Deal Summary

Date 2014-12-02
Target Samsung Electronics - Fiber Optics Business
Sector Electrical Equipment
Buyer(s) Corning
Sellers(s) Samsung Electronics
Deal Type Divestiture

Target

Samsung Electronics - Fiber Optics Business

Haikou, China
Samsung Electronics - Fiber Optics Business is a manufacturer of optical fibre cable. The company is based in Haikou, China.

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Buyer(S) 1

Buyer

Corning

Corning, New York, United States

Category Company
Founded 1851
Sector Manufacturing
Employees56,300
Revenue 13.1B USD (2024)
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 12 of 17
Sector: Electrical Equipment M&A 2 of 4
Type: Divestiture M&A Deals 3 of 3
Country: China M&A 1 of 1
Year: 2014 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-27 Corning Quantum Cascade Laser Business

United States

Corning Quantum Cascade Laser Business engages in manufacturing of quantum cascade lasers (QCL) for sensing, scientific and defense markets.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-15 TR Manufacturing

Fremont, California, United States

TR Manufacturing, Inc. is a provider of fiber-optic and copper cable/component interconnects and electro-mechanical assemblies to OEMs (original equipment manufacturers) in a wide range of technology industries.

Buy -

Seller(S) 1

SELLER

Samsung Electronics

Suwon, South Korea

Category Company
Founded 1969
Sector Electronics
Employees106,074
Revenue 300.87T KRW (2024)
DESCRIPTION
Office on Samsung's corporate campus in Mountain View, California.
Office on Samsung's corporate campus in Mountain View, California.

Samsung Electronics is a manufacturer and marketer of a wide range of consumer electronics. Samsung Electronics produces mobile phones, televisions, computers as well as electronic components including batteries, chips, memory and hard drives. Samsung Electronics was founded in 1938 and is based in Suwon, South Korea.


DEAL STATS #
Overall 5 of 7
Sector: Electrical Equipment M&A 1 of 1
Type: Divestiture M&A Deals 5 of 7
Country: China M&A 1 of 1
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-19 Quietside

Santa Fe Spring, California, United States

Quietside LLC is a US distributor of air conditioners.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-30 Simpress Comércio Locação e Serviços S.A.

Sao Paulo, Brazil

Simpress is a Brazilian provider of printing services.

Buy -