Product category:
Optical Transceivers, Transponders and Repeaters
News Release from: Emcore Corp
Edited by the Electronicstalk Editorial
Team on 20 December 2007
Acquisition expands fibre optics product
portfolio
Deal includes intellectual property, assets and technology relating to tunable lasers, tunable transponders, 300-pin transponders and integrable tunable laser assemblies.
Emcore Corp is to acquire the telecomms-related portion of Intel's Optical Platform Division for US $85 million The telecomms assets to be acquired include intellectual property, assets and technology relating to tunable lasers, tunable transponders, 300-pin transponders and integrable tunable laser assemblies
This article was originally published on Electronicstalk on 14 Feb 2005 at 8.00am (UK)
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The transaction is subject to regulatory review and certain other closing conditions, and is expected to close in the first quarter of 2008.
The acquisition will enhance Emcore's presence in the telecommunications market segment and expand its fibre optics product portfolio, allowing Emcore to provide telecom customers with a more complete product offering.
"This transaction represents an important step for Emcore", says Reuben Richards, CEO, Emcore.
"We are excited about this acquisition and the opportunity to continue building on Intel's leading tunable laser technology, strong product quality and history of customer service and satisfaction".
"The acquired assets should drive substantial product cost reduction, and the combined product portfolio should enable Emcore to gain a greater share of customer spending".
"Emcore estimates these assets will generate $65 million of revenue in 2008, and believes this acquisition will accelerate its path to earnings per share profitability as expected in mid- 2008".
"The optical telecom components business continues to be an attractive market opportunity, but we believe this business and its assets are an optimal fit with Emcore", says Doug Davis, Vice President, Intel Digital Enterprise Group, and General Manager, Embedded and Communications Group.
"The two companies will work together following the close of the transaction to complete a smooth transition of the business".
The sale of these telecomms-related assets enables Intel to focus its investments on core communications and embedded market segments in line with its platform strategies.
In addition to this transaction, Intel is currently exploring strategic alternatives regarding the enterprise-focused portion of its Optical Platform Division.
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