Optical components and modules maker Teraxion has acquired Cogo Optronics' Canadian subsidiary and associated intellectual property assets.
For Teraxion, Cogo’s Indium Phosphide modulator product line has all the attributes to meet the market’s needs for next-generation 100 gigabit per second and above transceiver development. Cogo’s staff at its Ottawa and California offices are expected by Teraxion to bring new and complementary expertise.
‘Today's announcement is another milestone in line with our organic and acquisitive growth strategy,’ said Alain-Jacques Simard. He is the president and CEO of Teraxion. Cogo’s chief financial officer Ron Lacey added combining the InP technology and products developed by his company with the larger market reach of TeraXion would result in a more stable commercial footing from which the business can grow to its full potential.