JUAREZ, MEXICO – Foxconn Technology Group has purchased Cisco’s manufacturing facility here.
No financial terms of the agreement were disclosed.

Cisco acquired the 5,000-person facility from Scientific Atlanta in 2006. The facility manufactures video and telecommunications equipment for the service provider market.

“[We] will continue investing in existing and new video platforms, including set-top-boxes, as part of our Videoscape vision,” said Gary Moore, executive vice president and chief operating officer of Cisco.

“We will be able to leverage the operation's … technology and expertise in video and telco infrastructure to broaden our end-to-end vertical supply chain services in the video, broadband, networking, and telecommunications infrastructure sectors," said Michael Ling, general manager of Foxconn's Communication and Network Solutions Business Group. 

The transaction is subject to regulatory approvals and is projected to close by October.

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