Oclaro and Opnext merger approved
25 July 2012Tweet
Optical communications and laser solutions provider Oclaro and optical modules manufacturer Opnext are to merge following approval by the companies' respective shareholders.
The combined company will continue to operate under the Oclaro name. It has about 3,200 employees worldwide and combined revenues for the fiscal year ended 2 July 2011 of about $833 million.
‘The new Oclaro boasts one of the broadest and vertically-integrated product lines in the industry,’ said Alain Couder, chairman and chief executive officer, Oclaro. ‘Through this merger, we have assembled the optical technologies, products and expertise at the heart of this new world of innovation.’
Oclaro’s portfolio of products includes the components, modules and subsystems that transmit, receive, and amplify light signals over fibre optic networks to deliver a new range of high speed services in the core optical network, enterprise and data centre markets. Its laser diode solutions deliver the power needed for cutting, marking, welding, heating and illumination for a broad range of new applications in the consumer electronics, industrial and medical markets.