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Oclaro Sells Zurich Laser Diode Biz to II-VI for $115M

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SAN JOSE, Calif., Sept. 12, 2013 — Optical communications provider Oclaro Inc. announced today that it has sold its Zurich-based subsidiary and laser diode business to II-VI Inc. for $115 million as part of its restructuring plan. Under the deal, Oclaro received $92 million in cash and will retain the existing accounts receivable, estimated at approximately $15 million. The remaining $8 million is being held by II-VI subject to traditional post-closing conditions. “The sale of our gallium arsenide [GaAs] laser diode business is an important first step in our plan to restructure the company,” said Oclaro...Read full article

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    Published: September 2013
    Glossary
    micro-optics
    Micro-optics refers to the design, fabrication, and application of optical components and systems at a microscale level. These components are miniaturized optical elements that manipulate light at a microscopic level, providing functionalities such as focusing, collimating, splitting, and shaping light beams. Micro-optics play a crucial role in various fields, including telecommunications, imaging systems, medical devices, sensors, and consumer electronics. Key points about micro-optics: ...
    optical component
    One or more optical elements – typically cemented together - in an optical system that are treated as a single group; e.g., a beamsplitter, or a cemented doublet or triplet.
    AmericasArizonaAsia-PacificBusinessCaliforniaCommunicationsEuropeGaAsGreg DoughertyII-VIindustriallaser diodesmicro-opticsOclarooptical amplifieroptical communicationoptical componentOpticsPhotonic Component Mfg. Equip.Photonics Component Mfg. Equip.pump laserrestructuringSwitzerlandVCSELvertical-cavity surface-emitting laserZurichLasers

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