Fiber Optic Business

Corning Enters in Agreement to Acquire 3M

US based global pioneer in fiber optic industry, Corning Incorporated will buy another world famous fiber optic components maker 3M Communications’ Texas based unit. The deal worth US$900 million will make corning strong in the field of fiber optic accessories and components. Corning will acquire substantial stakes of all of 3M’s Communication markets division, a press release from Corning reveals. This move will strengthen Corning’s global market reach and will expand its product portfolio for high bandwidth solution market.