Adtran Holdings completes deal with German ADVA

Headquarters to remain in Huntsville, with European HQ in Munich

Huntsville-based Adtran has settled an exchange offer with German optical networking firm ADVA. Adtran will be a direct subsidiary of the new entity, Adtran Holdings Inc., which will own a 65% majority of ADVA.

Shares in Adtran Holdings began trading Friday on NASDAQ and on the Frankfurt Stock Exchange.

ā€œThe effectiveness of the agreement is intended to allow both companies to fully integrate and work towards the achievement of operational synergy targets,ā€ Adtran said in announcing the deal.

ā€œThe business combination brings together two companies with a strong history of technology innovation and customer trust. With a total addressable market of USD 13.7 billion and a joint annual R&D budget of approximately USD 240 million, the combined company has enormous revenue potential and intends to capitalize on global investment opportunities around fiber buildouts,ā€ the press announcement added.

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Tom Stanton, chairman and CEO of ADTRAN Holdings, said, ā€œThis is an exciting day for both companies. With closing now behind us, we can focus on the final steps that will allow us to fully integrate these companies, creating a driving force within the industry. We believe that the combination of our exceptional talent, industry-leading solution portfolios, and vision for innovation, positions us as a global trusted leader for service provider, government, and enterprise customers and will provide a firm foundation for our success moving forward.ā€

Adtran Holdings’ headquarters will be in Huntsville with a European headquarters in Munich.

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