Search Menu
Photonics Media Photonics Marketplace Photonics Spectra BioPhotonics Vision Spectra Photonics Showcase Photonics ProdSpec Photonics Handbook

Avago to Acquire CyOptics

Facebook Twitter LinkedIn Email
SAN JOSE, Calif., and SINGAPORE, April 18, 2013 — Semiconductor device manufacturer Avago Technologies Ltd. has announced that it will acquire privately held CyOptics Inc. of Breinigsville, Pa., for $400 million in cash.

CyOptics, leveraging its Bell Labs and Lucent heritage, manufactures indium phosphide (InP) optical chip and component technologies for the data communications and telecommunications markets.

The purchase will strengthen Avago's fiber optics product portfolio for emerging 40G and 100G enterprise and data center applications and will facilitate the company’s establishment of a complementary optical components business for growing segments of the access, metro and long-haul markets.

Cowen and Co. LLC has provided a fairness opinion to Avago, and Latham & Watkins LLP is serving as its legal counsel; Raymond James & Associates Inc. is serving as CyOptics’ financial adviser, and Goodwin Procter LLP is serving as its legal counsel.

The transaction, subject to customary conditions, is expected to close during the third quarter of 2013.

For more information, visit:
Apr 2013
AmericasAsia-PacificAvago Technologies Ltd.Bell LabsBusinessCaliforniaCommunicationscompany acquisitionCyOptics Inc.InP optical chipsLucentopticsPennsylvaniasemiconductorsSingapore

back to top
Facebook Twitter Instagram LinkedIn YouTube RSS
©2023 Photonics Media, 100 West St., Pittsfield, MA, 01201 USA, [email protected]

Photonics Media, Laurin Publishing
x We deliver – right to your inbox. Subscribe FREE to our newsletters.
We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.