M&A Deal Summary

Corning Acquires STRAN Technologies

On December 20, 2016, Corning acquired electrical equipment company STRAN Technologies

Acquisition Highlights
  • This is Corning’s 4th transaction in the Electrical Equipment sector.
  • This is Corning’s 12th transaction in the United States.
  • This is Corning’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2016-12-20
Target STRAN Technologies
Sector Electrical Equipment
Buyer(s) Corning
Deal Type Add-on Acquisition

Target

STRAN Technologies

Naugatuck, Connecticut, United States
STRAN Technologies, Inc. is a producer of harsh environment and tactical interconnect products and services. STRAN serves the military/aerospace and oil/gas industries. Company is an OEM designer and manufacturer of rugged fiber-optic and hybrid fiber/power connectivity solutions.

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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 16 of 17
Sector (Electrical Equipment) 4 of 4
Type (Add-on Acquisition) 13 of 14
State (Connecticut) 1 of 1
Country (United States) 12 of 13
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-07 Alliance Fiber Optic Products

Sunnyvale, California, United States

Alliance Fiber Optic Products, Inc. is a designer and manufacturer of high-performance passive optical components. AFOP's products are used by leading and emerging communications equipment manufacturers to deliver optical networking systems to the long-haul, enterprise, metropolitan and last mile access segments of the communications network.

Buy $305M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-19 SpiderCloud Wireless

San Jose, California, United States

SpiderCloud Wireless, Inc. is a provider of in-building wireless solutions. SpiderCloud develops scalable small-cell network platforms that deliver unprecedented coverage and capacity for wireless services inside buildings. Small cells are deployed by mobile operators and enterprises to optimize network efficiency and improve user experience. SpiderCloud Wireless, Inc. was established 2006 in and is headquartered in San Jose, California.

Buy -
Mergr

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