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Maxim acquires optical transceiver chips maker, Phyworks

Posted: 14 Sep 2010 ?? ?Print Version ?Bookmark and Share

Keywords:optical transceiver? fiber-to-the-home? acquisition? optical networks?

Maxim Integrated Products Inc. has just announced its acquisition of privately held Phyworks Ltd for approximately $72.5 million in cash.

The merger creates synergies for the two companies, particular between Phyworks' FTTH apps and Maxim's datacom and telecom portfolio. Phyworks also brings to the table its success in the optical infrastructure market while Maxim's branding will strengthen customer traction.

Maxim CEO Tunc Doluca remarks, "Business and consumer appetite for access to information anywhere, anytime, will continue to grow exponentially. The backbone to support the increased data traffic is high-speed optical networks. Additionally, optical networks are now beginning to reach consumers directly with fiber to the home. The addition of Phyworks' product portfolio and talent to Maxim strengthens our market position to capitalize on this growth."

President and CEO of Phyworks, Stephen King says, "Phyworks is very pleased to be joining Maxim. As the optical communications markets continues to evolve, technologies from both companies can be combined to create higher performance, lower cost solutions that will enable end users to build next generation optical networks." He also comments, "RBC Capital Markets Corporation acted as financial advisor to Phyworks in connection with the transaction."

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