Corning Completes Siemens Buy

Completes its acquisition of Siemens' worldwide optical cable, hardware and equipment, and fiber businesses

February 2, 2000

1 Min Read

Corning Incorporated (NYSE:GLW) announced today that it has completed the acquisition of Siemens AG's worldwide optical fiber and cable and businesses, including its two co-investments with Siemens --Siecor Corporation and Siecor G.

The acquisition of the German-based RXS hardware and equipment business, pending formal approval by German authorities, will close when this approval is obtained.

Corning also announced today the integration of the company's worldwide optical cable, hardware and related equipment businesses into one operating unit called Corning Cable Systems. The new operating structure is effective immediately. The organization's new name will be phased in and be complete by June.

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