II-VI buys CoAdna, a maker of liquid-crystal wavelength selective switches for ROADMs
II-VI Incorporated will acquire CoAdna for approximately $85 million.
II-VI Incorporated (Saxonburg, PA; NASDAQ:IIVI) will acquire CoAdna (Sunnyvale, CA) for approximately $85 million and should close the deal in the 3rd calendar quarter of 2018. CoAdna was founded in 2000 as a manufacturer of wavelength selective switches (WSS) based on its LightFlow liquid crystal platform and II-VI’s micro-optics.
The company’s WSS modules have been deployed in the field for many years, and integrated with II-VI’s optical amplifiers, optical channel monitors, and other components on reconfigurable optical add-drop multipler (ROADM) line cards designed by II-VI, CoAdna, and their customers.
“CoAdna and II-VI have been great business partners for many years, leveraging each other’s complementary products and technologies to serve the optical transport market,” said Sunny Sun, President of the Photonics Segment of II-VI. “We are well positioned for the growth in ROADM demand driven by metro network upgrades, new datacenter interconnect architectures, and the emerging 5G wireless infrastructure.”
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Source: II-VI Incorporated