ADC Telecommunications, a telecom equipment manufacturer, has turned to Credit Suisse and Dresdner Kleinwort Wasserstein to advise on a $2bn (€1.5bn) acquisition of rival Andrew Corporation after using Houlihan Lokey Howard & Zukin for its previous deals.

Credit Suisse Securities was the primary financial adviser to ADC and Dresdner Kleinwort Wasserstein provided advisory assistance and a fairness opinion to ADC. DrKW said the deal was a record in the wireless communications subsystems sector.