m2fx acquired by PPC Broadband, a BELDEN (NYSE: BDC) company
m2fx, the UK patented fibre-optic cable manufacturer has been acquired by Belden Inc (NYSE BDC) subsidiary PPC Broadband, a company headquartered in Syracuse, New York, for an undisclosed sum. Belden, which acquired PPC Broadband in December 2012, is a market leader in the industrial components and fixtures industry, with revenues of more than $2 billion.
Based in Suffolk, UK, m2fx’s first product was a fibre protection tube designed to prevent fibres from kinking. Since then the company has expanded into the fibre-to-the-premises (FTTP) market with the Miniflex range of pushable fibre-optic cables. Other products include fibre cable designed for aerial deployment and low-friction duct for blown fibre installation. Revenue is generated from Europe, Africa and North America.
‘This is a merger of two innovative companies which have complementary product lines,’ said Tom Carter, managing director of m2fx. PPC Broadband is a leader in cable and wireless broadband connectivity products, while m2fx specialises in fibre-optic cabling for the telecom market.
We acted as lead advisor to the vendor shareholders, working with them to map the marketplace, prepare the company, identify and contact potential buyers worldwide, and negotiate the transaction through to final completion. Anita Hamilton, Managing Director of Linnaeus Capital Partners, the majority shareholder, said “The team provided a proactive and efficient advisory sale service, which fully covered commercial, financial and legal issues.”