The 3M fiber-optic communications segment is no longer considered a core business, despite generating roughly $400 million in annual revenue. Corning’s recent $900 million acquisition of this division marks a significant shift in the industry landscape. The deal focuses on fiber and copper cable connections, aiming to boost Corning's high-bandwidth product offerings and expand its market presence.
According to recent reports, Corning has finalized the acquisition of 3M's communications market segment. This move is expected to bring around 500 3M employees into Corning's workforce, enhancing its capabilities in optical solutions. The transaction is currently pending regulatory approval and is anticipated to close in 2018.
Interestingly, this acquisition echoes a similar deal from over a decade ago. In 2002, 3M acquired Corning’s precision lens division for $850 million, which was once the leading manufacturer of rear projection TV lenses. Now, the roles have reversed, with Corning taking the lead in acquiring 3M’s fiber-optic assets.
Corning expressed enthusiasm about the acquisition, stating that it will strengthen its position in the optical passive components and solutions market. Clark S. Kinlin, Executive Vice President of Communications at Corning Optical, said, “This transaction will expand our global market coverage and high-bandwidth product portfolio, while also creating new opportunities for collaborative innovation and strengthening our global customer service capabilities.â€
He added, “As the only true end-to-end manufacturer and optical solution provider in the industry, we are looking for a win-win approach and welcome these outstanding employees into the Corning Group.â€
The acquisition aligns with Corning’s long-term strategy, which includes using $1 billion to $3 billion for strategic investments. By acquiring 3M’s communications segment, Corning aims to enhance its access to carrier networks, enterprise LANs, and data center solutions.
Currently, 3M’s Electronics & Energy business sees telecommunications as just 9% of its operations. This acquisition allows Corning to focus more on high-growth areas like fiber optics and high-bandwidth connectivity.
Headquartered in New York, Corning is a global leader in specialty glass and ceramic materials, with over 45,000 employees worldwide and $9.39 billion in sales during fiscal 2016.
Meanwhile, 3M’s Communications Marketing division is based in Austin, Texas, with additional facilities in Punta, France, and Hannover, Germany. The acquisition represents a strategic move for both companies as they navigate the evolving demands of the telecommunications and data infrastructure sectors.
Optical Cable Cross Connection Cabinet
Modular design of Optical Cable Cross Connection Cabinet(FDH,FOCC) provides the largest flexibility; satisfy the needs of the present and future development. The body using the stainless steel and surface using electrostatic spray so it has good corrosion resistance and anti-aging function, the wind protection class of the body achieves the IP66 level. The effect of defense dewing is excellent. The module tray can spin out of 90 degrees around the axis in the left front, and the bevel of the adapters within the module takes on 30 degrees. The clip-locked installation ensures the bending radius of the fiber directly and prevents the eyes from injury. Weld disk can spin out of 90 degrees, and then draw out, so it is convenient to construction, and also convenient to expansion and maintenance. Have doors in the front and back, have ample space for cabling, convenient to operation and maintenance. Have reliable device for fastness, peeling and grounding of the optical cables. Insulation resistance between high voltage protection earth and box20,000MΩ /500V (DC)
Communication Optical Cable Cross Connection Cabinet is interface equipment to contact trunk optical cable and wiring cable. It is compose of box, inside structure, optical fiber connector and some accessories. The function is to connect, store, dispatch and enlarge optical fiber. The material of box is cold-roll steel sheets, SMC fiber strengthen unsaturated polyester or stainless steel material. It has high resist destroy capacity, high strength, safety and stability. It has the device to bring optical cable, fix and protect. It has optical fiber termination device which could easy to splice, fix and maintain the optical cable fiber and optical cable fiber/optical fiber pigtail. At the same time, it has more space to store the surplus optical cable and fiber. Through the optical fiber connector, it could dispatch the fiber serial number of optical cable and change the transmission system route rapidly and expediently.
Cross Connection Cabinet, Optical Cable Cross Connection Cabinet, FDH, FOCC
NINGBO YULIANG TELECOM MUNICATIONS EQUIPMENT CO.,LTD. , https://www.yltelecom.com
