MACOM completes acquisition of BinOptics
M/A-COM Technology Solutions has successfully completed the acquisition of BinOptics, a provider of indium phosphide lasers for data centres, mobile backhaul, silicon photonics and access networks.
John Croteau, President and Chief Executive Officer MACOM, comments: "Our goal with this acquisition will be to further extend MACOM's preeminent position in the optical space, as we now have an even broader platform to benefit from what we anticipate will be a strong secular growth driver for many years to come. Based on feedback from our optical customers thus far, we continue to expect significant operational and sales synergies as we integrate the acquired business.”
MACOM funded the $230m purchase price from a combination of cash on hand and $100m from its existing revolving credit facility.
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