Corning Incorporated has acquired iBwave Solutions
Lincoln International (“Lincoln”), a leading global mid-market investment bank, is pleased to announce that Corning Incorporated (“Corning”), one of the world’s leading innovators in materials science, completed the acquisition of iBwave Solutions, Inc. (“iBwave”) on March 31, 2015. Lincoln served as Corning’s exclusive financial advisor in the transaction.
iBwave, headquartered in Montreal, Canada, is an industry leader in design software for in-building wireless solutions for a wide range of customers and system integrators. Its software and professional services are used by more than 600 global leading telecom operators, system integrators and equipment manufacturers in more than 80 countries worldwide. iBwave will operate under its current name as a wholly owned subsidiary of Corning, reporting to Corning’s Optical Communications business segment.
“iBwave is a world-leading resource for inside-building wireless design,” said Clark S. Kinlin, Executive Vice President of Corning Optical Communications. “We are pleased to welcome this talented team to Corning.”
Federico Mennella, Managing Director at Lincoln, said, “We are delighted to have assisted Corning in completing another important transaction. We greatly value our relationship with Corning and look forward to continued work with Corning in the future across multiple industry verticals and geographies.”
About Corning Incorporated
Corning is one of the world’s leading innovators in materials science. For more than 160 years, Corning has applied its unparalleled expertise in specialty glass, ceramics and optical physics to develop products that have created new industries and transformed people’s lives. Corning succeeds through sustained investment in R&D, a unique combination of material and process innovation and close collaboration with customers to solve tough technology challenges. The Company’s product offerings enable diverse industries such as consumer electronics, telecommunications, transportation and life sciences. These include precision glass for advanced displays; emissions-control products for vehicles; and optical fiber, wireless technologies and connectivity solutions for high-speed communications networks. The Company operates through five segments: Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials and Life Sciences.
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