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Zarlink offloads optical biz to Tyco

Posted: 19 May 2010 ?? ?Print Version ?Bookmark and Share

Keywords:optical IC? network? wireless?

Zarlink Semiconductor has sold the assets of its optical products group to Tyco Electronics for approximately $15 million in cash.

"The sale of our optical products group follows our strategy of narrowing our focus to markets where we can maintain a strong leadership position, while improving operational efficiencies to build a more profitable business," said Kirk Mandy, president and CEO, Zarlink. "This transaction enables us to target our sales and product development efforts on network timing, medical wireless and line circuit initiatives to expand our presence in these markets, build deeper customer relationships and address immediate and long-term revenue growth opportunities."

With the sale of its optical products group, Zarlink is now focused on its key growth initiatives in the network timing, medical wireless and line circuit markets. Network timing products help carriers deliver time-sensitive voice, video, data and multimedia traffic over packet networks, including timing-over-packet and synchronous Ethernet solutions for wireless backhaul and new ClockCenter products for optical transport networks.

Zarlink will also focus on medical wireless radio chips and modules that enable high-speed, ultrareliable communication between implanted medical devices, including pacemakers and implantable cardioverter-defibrillators, and monitoring and programming equipment. Meanwhile, line circuit technology enables high-quality telephone service over cable and broadband networks.

"There is significant customer design activity for our timing products, as carriers undertake a multi-phase network overhaul to better support higher bandwidth communication services, including new smart phone applications," Mandy added. "Our timing business is positioned to grow quickly, with strong customer demand for our packet network timing products and new opportunities for timing technologies in optical transport applications. In the medical market, we are uniquely positioned as a provider of standards compliant radios for wirelessly enabled implanted medical devices and enjoy established relationships with the world's largest medical device manufacturers. Finally, our line circuit portfolio is a solid, profitable business that provides the scale necessary to help drive operating efficiencies across the company."

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