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Enablence to Buy ANDevices

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OTTAWA, Ontario, Jan. 18, 2007 -- Enablence Technologies Inc., an Ottawa developer of fiber-to-the-home (FTTH) transceivers for optical modems, announced today it will acquire ANDevices Inc. of Fremont, Calif. for $13.5 million and 9,085,113 shares.

Enablence, which completed its public offering in October, will acquire ANDevices, a supplier of planar lightwave circuit (PLC)-based photonic devices for the access, metro and long-haul communication markets, through a US subsidiary. The deal is expected to be completed by Feb. 15, subject to customary approvals.

Enablence president and CEO Arvind Chhatbar said, “The acquisition of ANDevices provides Enablence with a secure wafer fabrication facility for fiber-to-the-home transceivers; it also gives us the ability to expand our product portfolio and to continue to strengthen our leadership position in PLC-based products."

This is Enablence's second acquisition in less than a year. It acquired Albis Optoelectronics, a Zurich, Switzerland-based supplier of high-speed photodetectors, in March.

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Jan 2008
The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
ANDevicesEnablence Technologiesfiber opticsfiber-to-the-homeFTTHNews & Featuresoptical modemsphotonic devicesphotonicsplanar lightwave circuitPLCSensors & Detectors

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