Motorola Inc. (Quote) said it has completed its $260 million stock buyout of San Jose, Calif.-based Synchronous Inc., a leading provider of fiber optic transmission systems for video, data and voice transmission.
When the deal was first announced in mid-November, Motorola officials said the transaction was valued at $260 million, with Motorola acquiring all of Synchronous' capital stock in exchange for shares of Motorola's common stock at an exchange ratio that would not be fixed until immediately prior to the closing. That ratio was not revealed today.
The acquisition is part of Motorola Broadband Communications Sector's ongoing strategy to provide broadband network operators with the solutions they require to deliver an increasing number of data-intensive services, such as Intranets, e-commerce, and the "triple-play" broadband services of video, voice, and data, Motorola said.
The addition of Synchronous's fiber optic technology expands Motorola Broadband's infrastructure product suite with optical networking capabilities and telecommunications industry solutions to meet the needs of the fast-growing optical transport market.
Synchronous's business and employees will be integrated into Motorola Broadband's Transmission Network Systems (TNS) business. Synchronous's products, including its Dense Wave Division Multiplexing (DWDM) 1550nm transmitter platform and Erbium Doped Fiber Amplifiers (EDFAs), will be integrated into the new Motorola OmniStar GX-2 headend and hub optics platform.
Motorola's current integration plans also include supporting existing Synchronous platforms and its large base of customers in North America.
The newly combined TNS business will maintain operations in both Horsham, Pa. and San Jose, Calif., with the former San Jose, Calif. Synchronous office serving as Motorola Broadband's "center of excellence" for optical networks, officials said.
Images
