II-VI acquisition of Epiworks and Anadigics expands semiconductor laser offering
By merging with II-VI, EpiWorks has access to substantial expansion capital, a global footprint and sales support.
EpiWorks, a compound semiconductor wafer company has entered into a definitive agreement to merge with II-VI Incorporated. II-VI (Nasdaq: IIVI) is focused on providing engineered materials, including ZnSe, ZnS and SiC, while EpiWorks specializes in GaAs and InP materials. "Demand for high-performance semiconductor solutions used in communications, datacenter, cloud and advanced sensor applications continues to increase. By merging with II-VI, EpiWorks has access to substantial expansion capital, a global footprint and sales support around the world. This will allow us to rapidly deploy our technology to the market and increase our market penetration." said David Ahmari, who will remain responsible for EpiWorks' sales, marketing and technology.
II-VI continues to grow its photonics expertise through a variety of acquisitions and key strategic technology investments. Here is a sample of some prior related news:
VLOC will integrate with II-VI Optical Systems
LightWorks Optical Systems now named II-VI Optical Systems
II-VI adds Oclaro's micro-optics and amplifier business to its laser diode acquisition