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Hon Hai Pays $44.9 Million for Scientific-Atlanta Mexico Unit

Hon Hai Precision Industry Co. paid $44.9 million to buy Scientific-Atlanta’s Mexico facilities through its holding companies, the Taipei-based electronics manufacturer said in an exchange filing today.

Scientific-Atlanta was acquired by Cisco Systems Inc. (CSCO) in 2006, giving it that company’s set-top-box making factory in Mexico. Hon Hai agreed in July to take over the Mexico set-top- box making facilities of Cisco, the San Jose, California-based company said at the time.

To contact the reporter on this story: Tim Culpan in Taipei at tculpan1@bloomberg.net

To contact the editor responsible for this story: Jake Lloyd-Smith at jlloydsmith@bloomberg.net

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