II-VI Incorporated Announces Acquisition of Aegis Lightwave, Inc.
News - Staff reports
Author: CompoundSemi News Staff
July 5, 2011... II-VI Incorporated reports that it has acquired all of the outstanding shares of Aegis Lightwave, Inc. (Aegis), including Aegis’ wholly-owned subsidiary AOFR Pty Ltd (AOFR). The initial consideration consists $52 million in cash. In addition, the purchase price is subject to
customary closing adjustments including a working capital and debt adjustment which could increase the purchase price by an additional $3 million.
Aegis is a privately held company headquartered in Woburn, Massachusetts USA, that produces and develops tunable optical devices required for high speed optical networks needing bandwidth expansion.
Aegis offers a portfolio of optical channel monitors specifically designed for
reconfigurable optical add-drop multiplexing (ROADM) applications in high speed optical networks featuring
10G/40G/100G transmission. Its AOFR subsidiary offers fused fiber components including
those required for fiber lasers used in material processing applications. AOFR also manufactures optical couplers used primarily in telecom markets.
Francis J. Kramer, president and chief executive officer of II-VI Incorporated stated, “Aegis will further
strengthen our telecommunication product offerings and will partner with our Photop Technologies, Inc.
(Photop) operations to enhance our ability to address our customers’ growing needs for an advanced product
portfolio for the increasing deployments of 40G and 100G in flexible and reconfigurable optical networks,
including those aimed at delivering fiber to the home (FTTH) services over passive optical networks."
See the Current Industry News Summary
See this article in its orginal context, with the other current news from the same week