Vantiva Acquires CommScope’s Home Networks Division

Paris-based Vantiva, which was formerly known as Technicolor (they make a lot of budget broadband routers for ISPs), has today announced the completion of their acquisition of CommScope‘s Home Networks business. CommScope also supplies network technologies to internet and full fibre operators in the UK and elsewhere.

The union of these two big players in the connected home market will no doubt enable Vantiva to enhance its global influence and impact (particularly in terms of CPE / Customer Premises Equipment), while also boosting the group’s profitability, capacity and broadening its client portfolio.

Vantiva’s acquisition of CommScope’s Home Networks division was remunerated by a 25% stake in Vantiva’s fully-diluted capital from the reserved capital increase authorized by the Combined General Meeting of December 19, 2023.

Additionally, CommScope could receive an earn-out payment of up to $100 million, subject to Vantiva (at post-acquisition scope) achieving an EBITDA equal to or greater than 400 million euros in a given fiscal year, within the 5 years following the first fiscal year after the conclusion of the acquisition.

Luis Martinez-Amago, CEO of Vantiva, said:

“This acquisition is a key milestone in the group’s development. It builds on everything we have achieved over the past year. I would like to thank all our employees for their commitment and dedication, and I welcome our new colleagues from CommScope, whom we look forward to working with. The integration of the Home Networks division will also benefit our customers by speeding up our innovations, increasing our supply and service capacity, and enabling us to serve new geographies.”

Vantiva has also announced new appointments to the company’s Board of Directors: CommScope Holding Company, Inc. as Director, represented by Krista Bowen, and Angelo, Gordon & Co. L.P. as Director.