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Lumentum to Acquire Oclaro

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Optical technology developer Lumentum Holdings Inc. has reached an agreement to buy fellow optical component and subsystem developer Oclaro Inc. for $1.8 billion in cash and stock. "Joining forces with Oclaro strengthens our product portfolio, broadens our revenue mix and positions us strongly for the future needs of our customers,” said Alan Lowe, president and CEO of Lumentum. “Oclaro brings its leading indium phosphide laser and photonic integrated circuit and coherent component and module capabilities to Lumentum. The combined company will drive innovation faster and...Read full article

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    Published: April 2018
    BusinessLumentum HoldingsOclaromergers & acquisitionsOpticsCommunicationsAmericaslight speed

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