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MANHASSET, N.Y. - Ending months of speculation about the future ofits Broadband Wireless Group, ADC Telecommunications (Eden Prairie, Minn.) has agreed to sell that division, along with its Access Products Division, to Platinum Equity LLC (Los Angeles), which specializes in missioncritical technology companies.
The sale comes on the heels of the sale of ADC's Broadband Communications Division to C-- Cor.net for $32 million, a deal expected to close this month.
The divisions affected in the latest deal manufacture ATM access concentrators and multiplexers, service delivery units (ServicePoint) and data service units/channel service units (DataSmart/FrameVision), as well as broadband wireless access systems (Axity) and broadcast TV transmission systems. Approximately 350 employees will be affected by the sale, which...