On July 23, Infinera, a US integrated photonics network equipment manufacturer, announced its intention to acquire Coriant, an open source optical network equipment vendor, for a cost of approximately $430 million.
The acquisition is expected to be completed in the third quarter of this year, and the Infinera board of directors has agreed to the acquisition.hot application filling gel
Infinera's industry-leading optical integration technology is unique in the industry. In terms of sales size, Infinera reaches or approaches the top five in the industry. Coriant's predecessor was the optical network division of Nokia Siemens, and later merged with Tellabs and Sycamore, and the sales scale increased again. It is also among the top ten vendors in the industry. The merger of the two companies will double the overall size and become a strong leadership. Currently, the global leader in this market is Huawei, with a share of more than 30%.filling gel for optical fiber loose tube
Infinera said that through this acquisition, the company will be able to serve nine of the world's top ten operators (new five), and six ICP (three new), through the vertical integration model to bring economies of scale. At the same time, the business synergies brought by the acquisition will enable Infinera to save $100 million in operating expenses next year and $250 million in 2021.aluminum overhead conductor grease
According to the acquisition agreement signed by the two parties, Infinera will pay $150 million in cash and pay an additional $25 million after two quarters of the acquisition. In a few years, it may have to pay $55 million, plus an additional 21 million shares. The final total purchase price was approximately $430 million. At the same time, Infinera will raise the funds needed to make the acquisition by issuing debt.