KRONE Communications Ltd. (KRONE India) has announced that ADC, a provider of communications network infrastructure solutions has agreed in principal to acquire an additional 11% interest in KRONE India from Karnataka Electronics Development Corporation Ltd. (KEONICS) through its subsidiary ADC GmbH. ADC GmbH has entered into the agreement with KEONICS to acquire KEONICS' entire interest in KRONE communications India ltd. KEONICS presently holds 506,000 shares in KRONE. Under the agreement ADC GmbH will pay KEONICS Rs.169 per share. The closing of this proposed transaction remains subject to certain conditions. Following the closing of the transaction ADC GmbH will hold a 62% ownership interest in KRONE India. 

In 2004 ADC acquired the KRONE group worldwide. However the India operations continued to be a publicly listed Joint Venture between ADC GmbH which held 51%, KEONICS which held 11% and 38% by public. 

KRONE India established itself in the Indian market way back in 1989 well in time for a telecom market that was going to be de-regulated. KRONE has ever since been an established brand within the Carrier and Enterprise markets in India with its various cable & connectivity products in the Network Infrastructure space.

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