The Subsea Communications business of TE Connectivity has been acquired by Cerberus (Cerberus Capital Management, L.P. and its affiliates), a global leader in alternative investing. The group announced the competition of the acquisition process by an official statement on November 7th and industry veteran David Coughlan has been appointed Chief Executive Officer of the new company. the business has been rebranded to SubCom, LLC (“SubCom”).
Headquartered in Eatontown, New Jersey with more than 1,400 professionals on four continents, SubCom is a global leader in delivering and maintaining the fiber optic cable systems that transmit nearly all of the world’s data and communications. SubCom’s track record for delivery and performance is backed by more than 200 completed networks on behalf of many of the world’s leading technology-focused companies and entrepreneurs. The business combines comprehensive technical and marine expertise to design, manufacture, deploy, and service the highest quality, most reliable undersea networks on the planet.
Mr David Coughlan, a 20-year industry veteran, will rejoin the business to lead SubCom. He was previously the General Manager from 2001 to 2014. Mr Coughlan was also the General Manager of TE’s Sensor Solutions business unit from 2014 to 2016. Most recently, Mr. Coughlan was the Vice President of Business Development at Littelfuse Inc., a global leader in circuit protection for electronic, automotive, and industrial customers, with over 11,000 employees in more than 50 sales, manufacturing, and engineering facilities worldwide.
SubCom is one of the largest subsea fiber optic cable solutions providers in the world with a major share in the long-haul market. Partnership with Cerberus will equip the company to execute on strategic opportunities and will position them for long-term success while continuing to deliver the highest lifetime value network solutions to our global customers.
The need for reliable, high-performing undersea networks will continue to be exceptionally robust as demand for data and connectivity continues to increase around the world. 5G deployments and the progress in FTTH installations all around the world would demand a high-speed high capacity submarine fiber optic cables. SubCom believes me that their industry-leading capabilities and reputation for operational excellence will make them a partner of choice to deliver and maintain these critical undersea networks for years to come.
Founded in 1992, Cerberus is a global leader in alternative investing with over $35 billion in assets across complementary credit, private equity, and real estate strategies. They invest across the capital structure where their integrated investment platforms and proprietary operating capabilities create an edge to improve performance and drive long-term value. The group’s tenured teams have experience working collaboratively across asset classes, sectors, and geographies to seek strong risk-adjusted returns for its investors.
SubCom designs manufacture, deploys, maintains, and operates the industry’s most reliable fiber optic cable networks. Its flexible solutions include repeater-less to ultra-long-haul, offshore oil and gas, scientific applications, and marine services. SubCom brings end-to-end network knowledge and global experience to support on-time delivery, and meet the needs of customers worldwide. To date, the company has deployed over 200 networks – enough undersea cable to circle Earth more than 17 times at the equator.