Oclaro, a tier-one supplier of optical communications and laser solutions, and Opnext, a company specializing in optical modules, subsystems, and components, declared that their merger, which came to an end on July 23, 2012, has achieved shareholder approval.
The integrated company will function under the Oclaro name. It recently launched brand identity and a new logo to mark the establishment of a new operating company within the optical industry.
At present, Oclaro is considered as the second largest supplier of optical components, subsystems and modules to the markets of industrial and consumer laser and optical communications. Having 3,200 employees operating globally, Oclaro represents combined revenues of $833 M for the fiscal year completed July 2, 2011. The company has over 30 years of integrated expertise in optical technology innovation from companies including Opnext, Corning, Hitachi, Nortel, Marconi, Avanex, Alcatel, and Bookham.
The extensive product portfolio of Oclaro encompasses modules, subsystems, and components capable of receiving, transmitting, and amplifying light signals over fiber optic networks that result in new series of high speed services in the core optical network, and data center markets. Oclaro’s laser diode solutions supply the power required for illumination, marking, heating, cutting, and welding for an extensive range of new applications within the consumer electronics, medical and industrial markets.
A new board of directors and management team was selected for the newly-established combined company. The Chairman and CEO- Alain Couder, and Opnext Chairman and CEO Harry Bosco joined the board of directors. Independent directors within the board includes Greg Dougherty (director), Joel A. Smith III (lead independent director), and Lori Holland, Edward Collins, Marissa Peterson, Bill Smith, Kendall Cowan, and Dr. David Lee as directors.
Afixed ratio of 0.42 shares of Oclaro common stock will be given to Opnext shareholders for every share of their proprietary Opnext common stock.
Source: https://www.lumentum.com/en
Disclaimer: The views expressed here are those of the author expressed in their private capacity and do not necessarily represent the views of AZoM.com Limited T/A AZoNetwork the owner and operator of this website. This disclaimer forms part of the Terms and conditions of use of this website.