ExteNet Systems on Wednesday announced it plans to acquire Hudson Fiber Network, bolstering its fiber footprint in the greater New York City metro area.
Terms of the all-cash deal with Hudson controlling shareholder Tiger Infrastructure Partners were not disclosed.
Hudson Fiber operates a national wide-area network with key international points of presence in addition to its substantial metro area network. Since Tiger Infrastructure acquired a controlling stake in Hudson in 2014, the company has built and acquired new fiber in Manhattan and New Jersey, expanded its enterprise business and increased its dark fiber product offerings, according to the firm.
ExteNet’s transaction is expected to close in the second half of 2018 and will give the Chicago-area communications infrastructure developer more than 30,000 overall nodes that are operational or under construction across the U.S.
“We are pleased to announce our intention to acquire Hudson Fiber Network to accelerate growth of ExteNet’s Optical Network Solutions business,” said Ross Manire, president and CEO of ExteNet, in a statement. “We have served the northeast region, including New York City, for many years with our fiber, small cell and indoor network solutions. We plan to leverage the core competencies of both companies to offer our customers an expanded portfolio of carrier and enterprise solution offerings and rapidly expand into other major markets by leveraging ExteNet’s extensive fiber plant.”