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Avago to acquire Infineon's optical fiber biz

Posted: 05 Apr 2007 ?? ?Print Version ?Bookmark and Share

Keywords:Infineon Polymer Optical Fiber? optical fiber business? home broadband services?

Avago Technologies entered a definitive agreement with Infineon Technologies AG, under which Avago will acquire Infineon's Polymer Optical Fiber (POF) business.

Based in Regensburg, Germany, Infineon's POF business provides transmitters and receivers for transportation switching and home broadband services as well as products for automotive multimedia infotainment networks and transceivers for safety systems.

"Avago's acquisition and integration of Infineon's POF team is a logical step for combining complementary technologies and growing our presence in the automotive and industrial market, which is one of four targeted end markets for us," said Fariba Danesh, general manager and vice president of Avago's fiber optic products division.

Under the agreement, all R&D, marketing and manufacturing employees of Infineon's POF group will be part of Avago and will continue to be located in the present Regensburg facility. Infineon will support Avago in seamlessly transitioning the POF business.

Within 90 days, the acquisition is expected to close upon satisfaction of regulatory requirements and other customary closing conditions.

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