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Oclaro to merge with Opnext

Posted: 02 Apr 2012 ?? ?Print Version ?Bookmark and Share

Keywords:merger? optical communication? laser technology?

Oclaro Inc., optical communications and laser technology firm, and Opnext Inc., optical module and components vendor, have agreed to merge in an all-stock deal. Under the terms of the arrangement, Opnext shareholders will receive 0.42 shares of Oclaro for every share of Opnext they own, indicated the companies.

The merged company, which will boast more than 30 years of combined telecom and datacom optical technology innovation, will be led by Alain Couder, chair and CEO of Oclaro, stated the companies. Harry Bosco, Opnext's president, chair and CEO, will join the combined company's board of directors after the acquisition closes.

"Our respective customers want to work with fewer, more strategic suppliers who can deliver the breadth of technologies they need," Couder noted. Couder said the merger would enable the combined company to leverage Oclara and Opnext's complementary and vertically-integrated product portfolios, increasing the combined company's value to customers and shareholders.

Data-intensive applications such as video and cloud computing and the proliferation of mobile devices are driving the need for increased performance and bandwidth throughout the core optical networks, at the heart of the world's Internet traffic, the companies said. These trends are also forcing enterprises and data centers to upgrade and deploy new data communications infrastructures, the companies indicated.

As a result, telecom and datacom networkswhich have traditionally been separateare converging using optical networking technologies from companies such as Opnext and Oclaro, added the companies.

- Dylan McGrath
??EE Times

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