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Memscap Purchases Opsitech SA

Photonics Spectra
Dec 2003
To strengthen its optical expertise, microelectromechanical systems provider Memscap of San Jose, Calif., will acquire integrated optics specialist Opsitech SA of Grenoble, France. Opsitech is a spin-off of Laboratoire d'Electronique et des Technologies de l'Information (LETI) of the Commissariat à l'Energie Atomique (CEA). Achieved with the support of CEA-LETI, the acquisition will enable Memscap to gain team expertise and access to the French organization's intellectual property in silicon integrated optics technologies through a license and research and development agreement. In turn, the arrangement will help consolidate the micro- and nanotechnology center of expertise in Grenoble. The international headquarters of Memscap is in nearby Crolles.

Memscap will issue €3.75 million in common shares to Opsitech's shareholders upon the closing of the transaction.


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