Lumentum Acquires NeoPhotonics
SAN JOSE, Calif., Nov. 4, 2021 — Laser and optical fiber developer Lumentum will acquire NeoPhotonics, the San Jose, Calif.-based developer of silicon photonics and advanced hybrid PIC-based lasers, modules, and subsystems. Lumentum will make the acquisition for $16 per share in cash, representing an equity value of $918 million. Lumentum, which lost out on its bid to acquire Coherent earlier this year following multiple purchase agreements with the laser and laser components developer and manufacturer, will use the