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Oplink Communications Inc., a provider of optical networking components and subsystems, integration and optical manufacturing solutions, today announced that it has entered into a definitive agreement to acquire the assets, including intellectual property, of privately held RedClover Networks.
According to a company statement, Oplink will pay $250,000 in cash, assume certain liabilities of approximately $1.2 million and incur other costs of approximately $100,000.
RedClover Networks designs and manufactures broadband optical interface products for access, storage, metro and long-haul networks. Its adaptive universal 10Gb/s transponder is designed to be capable of transmission over 240 km of SMF-28 fiber without dispersion compensating fiber (DCF) modules.
Oplink reports that the acquisition reflects Oplink's strategy to expand its core optical competencies and strengthen its higher-level integration capabilities to serve telecom, datacom and cable TV customers.
"The acquisition of RedClover is an important step in complementing and strengthening our technology portfolio," Joe Liu, president and CEO of Oplink, said in a statement. "The addition of transmission technology will significantly broaden Oplink's capabilities to better serve our customers, who look to us to design and manufacture their most technically advanced equipment at highly competitive costs."
According the company, Oplink will hire certain key employees who are expected to relocate to the company's headquarters in San Jose, Calif. Manufacturing will be based at Oplink's facilities in China. The acquisition is expected to close in early November.
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