{"id":3967,"date":"2022-07-15T09:11:58","date_gmt":"2022-07-15T07:11:58","guid":{"rendered":"https:\/\/egoraventures.com\/adtran-holdings-announces-closing-of-business-combination-with-adva\/"},"modified":"2024-03-14T12:08:54","modified_gmt":"2024-03-14T11:08:54","slug":"adtran-holdings-announces-closing-of-business-combination-with-adva","status":"publish","type":"post","link":"https:\/\/egoraventures.com\/en\/adtran-holdings-announces-closing-of-business-combination-with-adva\/","title":{"rendered":"<strong>ADTRAN Holdings<\/strong> Announces Closing of Business Combination with ADVA"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"3967\" class=\"elementor elementor-3967 elementor-3959\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-467ae7b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"467ae7b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0c3723c\" data-id=\"0c3723c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-df7f17c elementor-widget elementor-widget-spacer\" data-id=\"df7f17c\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.20.0 - 13-03-2024 *\/\n.elementor-column .elementor-spacer-inner{height:var(--spacer-size)}.e-con{--container-widget-width:100%}.e-con-inner>.elementor-widget-spacer,.e-con>.elementor-widget-spacer{width:var(--container-widget-width,var(--spacer-size));--align-self:var(--container-widget-align-self,initial);--flex-shrink:0}.e-con-inner>.elementor-widget-spacer>.elementor-widget-container,.e-con>.elementor-widget-spacer>.elementor-widget-container{height:100%;width:100%}.e-con-inner>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer,.e-con>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer{height:100%}.e-con-inner>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer>.elementor-spacer-inner,.e-con>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer>.elementor-spacer-inner{height:var(--container-widget-height,var(--spacer-size))}.e-con-inner>.elementor-widget-spacer.elementor-widget-empty,.e-con>.elementor-widget-spacer.elementor-widget-empty{position:relative;min-height:22px;min-width:22px}.e-con-inner>.elementor-widget-spacer.elementor-widget-empty .elementor-widget-empty-icon,.e-con>.elementor-widget-spacer.elementor-widget-empty .elementor-widget-empty-icon{position:absolute;top:0;bottom:0;left:0;right:0;margin:auto;padding:0;width:22px;height:22px}<\/style>\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ec91860 elementor-widget elementor-widget-post-info\" data-id=\"ec91860\" data-element_type=\"widget\" data-widget_type=\"post-info.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<link rel=\"stylesheet\" href=\"https:\/\/egoraventures.com\/wp-content\/plugins\/elementor\/assets\/css\/widget-icon-list.min.css\"><link rel=\"stylesheet\" href=\"https:\/\/egoraventures.com\/wp-content\/plugins\/elementor-pro\/assets\/css\/widget-theme-elements.min.css\">\t\t<ul class=\"elementor-inline-items elementor-icon-list-items elementor-post-info\">\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-repeater-item-2fff0d2 elementor-inline-item\" itemprop=\"datePublished\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text elementor-post-info__item elementor-post-info__item--type-date\">\n\t\t\t\t\t\t\t\t\t\t<time>15. July 2022<\/time>\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-596ad76 elementor-widget elementor-widget-text-editor\" data-id=\"596ad76\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.20.0 - 13-03-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>HUNTSVILLE, Ala.&#8211;(<a href=\"https:\/\/www.businesswire.com\/portal\/site\/home\/\" target=\"_blank\" rel=\"noopener\">BUSINESS WIRE<\/a>)&#8211; ADTRAN Holdings, Inc. (NASDAQ: ADTN and FSE: QH9) (\u201cADTRAN Holdings\u201d or the \u201cCompany\u201d) today announced the closing of its business combination with ADVA Optical Networking SE (FSE: ADV) (\u201cADVA\u201d). The companies received all necessary regulatory approvals and shareholder consent, making closure possible. ADTRAN Holdings is now the parent company of ADTRAN, Inc. (\u201cADTRAN\u201d) through the merger of ADTRAN with and into a wholly-owned subsidiary of ADTRAN Holdings. Additionally, tendered ADVA shares were exchanged for shares of ADTRAN Holdings today, making ADTRAN Holdings the majority shareholder of ADVA.<\/p><p>Tom Stanton, Chairman and CEO of ADTRAN Holdings said, \u201cThis 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.\u201d<\/p><p>As already announced, the Company intends to enter into either a domination agreement or a domination and profit and loss transfer agreement to further drive integration, which will be a further step in making the Company a global leader in end-to-end fiber networking. With an addressable market of $13.7 billion the combined company will offer an unparalleled product portfolio ranging from in-home connectivity and business access solutions to optical core transport.<\/p><p><b>About ADTRAN Holdings, Inc.<\/b><\/p><p>ADTRAN Holdings, Inc. is the parent company of ADTRAN, a wholly owned subsidiary and a leading global provider of open, disaggregated networking and communications solutions. ADTRAN Holdings is also the largest shareholder of ADVA, aEuropean telecommunications vendor<b><\/b>that provides network equipment for data, storage, voice, and video services.<\/p><p><b>Cautionary Note Regarding Forward-Looking Statements<\/b><\/p><p>This press release contains forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. You can generally identify forward-looking statements by the use of forward-looking terminology such as \u201canticipate,\u201d \u201cbelieve,\u201d \u201ccontinue,\u201d \u201ccould,\u201d \u201cestimate,\u201d \u201cexpect,\u201d \u201cexplore,\u201d \u201cevaluate,\u201d \u201cintend,\u201d \u201cmay,\u201d \u201cmight,\u201d \u201cplan,\u201d \u201cpotential,\u201d \u201cpredict,\u201d \u201cproject,\u201d \u201cseek,\u201d \u201cshould,\u201d or \u201cwill,\u201d or the negative thereof or other variations thereon or comparable terminology. These forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond ADTRAN and ADVA\u2019s control.<\/p><p>These forward-looking statements include, but are not limited to, statements regarding benefits of the business combination, integration plans and expected synergies, and anticipated future growth, financial and operating performance and results. Forward-looking statements involve risks and uncertainties that may cause actual results to be materially different from the results predicted or expected. No assurance can be given that these forward-looking statements will prove accurate and correct, or that projected or anticipated future results will be achieved. Factors that could cause actual results to differ materially from those indicated in any forward looking statement include, but are not limited to: regulatory or other limitations imposed following the closing of the business combination\u037e the success of the combined businesses following the business combination\u037e the ability to successfully integrate the ADTRAN and ADVA businesses\u037e risks related to disruption of management time from ongoing business operations due to integration efforts following the business combination\u037e the risk that the publicity surrounding the business combination could have adverse effects on the market price of ADTRAN\u2019s common stock or ADVA\u2019s common shares or the ability of ADTRAN and ADVA to retain customers, retain or hire key personnel, maintain relationships with their respective suppliers and customers, and on their operating results and businesses generally\u037e the risk that ADTRAN Holdings may be unable to achieve expected synergies or that it may take longer or be more costly than expected to achieve those synergies\u037e the risk of fluctuations in revenue due to lengthy sales and approval process required by major and other service providers for new products\u037e the risk posed by potential breaches of information systems and cyber-attacks\u037e the risks that ADTRAN, ADVA or ADTRAN Holdings may not be able to effectively compete, including through product improvements and development\u037e and such other factors as are set forth in ADVA\u2019s annual and interim financial reports made publicly available and ADTRAN\u2019s and ADTRAN Holdings\u2019 public filings made with the SEC from time to time, including but not limited to those described under the headings \u201cRisk Factors\u201d and \u201cForward-Looking Statements\u201d in ADTRAN\u2019s Form 10-K for the fiscal year ended December 31, 2021 and ADTRAN\u2019s Form 10-Q for the quarterly period ended March 31, 2022, which are available via the SEC\u2019s website at <a href=\"https:\/\/www.sec.gov\" target=\"_blank\" rel=\"nofollow noopener\" shape=\"rect\">https:\/\/www.sec.gov<\/a>.<\/p><p>The foregoing list of risk factors is not exhaustive. These risks, as well as other risks associated with the business combination, are more fully discussed in the proxy statement\/prospectus and the offering prospectus that are included in the Registration Statement on Form S-4 that has been filed by ADTRAN Holdings (formerly known as Acorn HoldCo, Inc.) with the SEC and in the Offer Document that was filed by Acorn HoldCo with BaFin and that has been published in connection with the ]business combination, as well as in any prospectuses or supplements. In light of these risks, uncertainties and assumptions, the events described in the forward-looking statements might not occur or might occur to a different extent or at a different time than ADTRAN, ADVA or ADTRAN Holdings has described. All such factors are difficult to predict and beyond our control. All forward-looking statements included in this document are based upon information available to ADTRAN, ADVA and ADTRAN Holdings on the date hereof, and each of ADTRAN, ADVA and ADTRAN Holdings disclaims and does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.<\/p><p><strong>Contacts<\/strong><\/p><p>Investor Services\/Assistance:<br \/>Rhonda Lambert\/256-963-7450<br \/><a href=\"mailto:Investor.relations@adtran.com\">Investor.relations@adtran.com<\/a><\/p><p>Source: ADTRAN Holdings, Inc.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-88bbffb elementor-widget elementor-widget-button\" data-id=\"88bbffb\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"\/en\/press\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon elementor-align-icon-right\">\n\t\t\t\t<i aria-hidden=\"true\" class=\"icon icon-arrow-left\"><\/i>\t\t\t<\/span>\n\t\t\t\t\t\t<span class=\"elementor-button-text\">Back<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-81512fd elementor-widget elementor-widget-spacer\" data-id=\"81512fd\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>HUNTSVILLE, Ala.&#8211;(BUSINESS WIRE)&#8211; ADTRAN Holdings, Inc. (NASDAQ: ADTN and FSE: QH9) (\u201cADTRAN Holdings\u201d or the \u201cCompany\u201d) today announced the closing of its business combination with ADVA Optical Networking SE (FSE: ADV) (\u201cADVA\u201d). The companies received all necessary regulatory approvals and shareholder consent, making closure possible. ADTRAN Holdings is now the parent company of ADTRAN, Inc. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[9],"tags":[],"_links":{"self":[{"href":"https:\/\/egoraventures.com\/en\/wp-json\/wp\/v2\/posts\/3967"}],"collection":[{"href":"https:\/\/egoraventures.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/egoraventures.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/egoraventures.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/egoraventures.com\/en\/wp-json\/wp\/v2\/comments?post=3967"}],"version-history":[{"count":4,"href":"https:\/\/egoraventures.com\/en\/wp-json\/wp\/v2\/posts\/3967\/revisions"}],"predecessor-version":[{"id":4092,"href":"https:\/\/egoraventures.com\/en\/wp-json\/wp\/v2\/posts\/3967\/revisions\/4092"}],"wp:attachment":[{"href":"https:\/\/egoraventures.com\/en\/wp-json\/wp\/v2\/media?parent=3967"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/egoraventures.com\/en\/wp-json\/wp\/v2\/categories?post=3967"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/egoraventures.com\/en\/wp-json\/wp\/v2\/tags?post=3967"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}