FOCUS BUSINESS NEWS
IPG to acquire Menara Networks to expand telecom offerings and complements our
IPG Photonics has entered into an agreement to acquire Menara Networks, a provider of optical transmission modules and systems, which will allow IPG to expand its current telecom product offerings. The cash purchase price is $46.8 million, subject to closing adjustments, and is projected to close in the second quarter of 2016.
Menara’s products are deployed in cable multi-system operators (MSOs), carriers and data centres in North America and in selected international networks. The acquisition provides IPG entry into the growing optical pluggable systems market and leverages IPG’s international market access outside North America. ‘This acquisition broadens
IN BRIEF
Laser Quantum has been listed in the annual Sunday Times SME Export track 100, a list of British SMEs with the fastest growing international sales.
Dilas will now serve the French market for high-power diode laser components directly from its headquarters in Germany, due to an increased demand for the components in France.
Hamamatsu Photonics has expanded its Shanghai factory to increase manufacturing capacity for opto-semiconductor components.
Dr Nick Barnett has joined Pro-Lite Technology as business development manager for its Remote Sensing and Spectroscopy Group.
TeraView has appointed Sanyo Trading Company as its partner for supplying and supporting systems in Japan.
Edinburgh Instruments held its first annual Lectureship in Photochemistry and Photophysics at Duke University, North Carolina on 29 April, which attracted around 100 people.
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telecommunications offerings, said Dr Valentin Gapontsev, IPG Photonics’ chairman and CEO. ‘The acquisition also affords IPG a better position to capitalise on the robust growth of optical networking driven
by video and broadband access.’ IPG Photonics and Menara
Networks had recently announced a partnership to provide an integrated solution for simplified repeaterless 100G dense wavelength division multiplexing (DWDM) transmission
for metro and data centre interconnection. Menara’s management team, including cofounders Siraj Nour El-Ahmadi and Salam Elahmadi, and other employees are planning to remain with the combined company.
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