SAN
JOSE, Calif., Aug. 15,
2022 /PRNewswire/ -- Lumentum Holdings Inc.
(NASDAQ: LITE) ("Lumentum") today
announced that it has acquired IPG Photonics'
(NASDAQ: IPGP) telecom transmission
product lines in an all-cash transaction.
"I am very excited to add such highly complementary and
differentiated transceiver product lines and ASIC capabilities,
which help to expand our addressable market and augment our
technology capabilities," said Dr. Beck Mason, SVP and General
Manager, Telecom Transmission at Lumentum. "This acquisition brings
a talented team developing digital communications ASICs, including
coherent DSPs, which complements our silicon and indium phosphide
photonic integrated circuit capabilities and creates opportunities
for increased vertical integration in future optical transmission
modules."
Dr. Mason added, "Increasingly customers in the cable MSO and
wireless network operator space are turning to wavelength tunable
pluggable transceivers to help expand their network capacity and
this acquisition brings highly synergistic product lines addressing
this rapidly growing opportunity."
There is no impact to Lumentum's fiscal fourth quarter 2022 due
to this transaction and the terms of the transaction were not
disclosed.
Wilson Sonsini Goodrich &
Rosati, P.C. served as legal counsel to Lumentum in the
transaction.
About Lumentum
Lumentum (NASDAQ: LITE) is a market-leading designer and
manufacturer of innovative optical and photonic products enabling
optical networking and laser applications worldwide. Lumentum
optical components and subsystems are part of virtually every type
of telecom, enterprise, and data center network. Lumentum lasers
enable advanced manufacturing techniques and diverse applications
including next-generation 3D sensing capabilities. Lumentum is
headquartered in San Jose,
California with R&D, manufacturing, and sales offices
worldwide. For more information, visit www.lumentum.com and
follow Lumentum on LinkedIn, Twitter, Facebook, Instagram, and
YouTube.
Forward-Looking Statements
This communication contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Forward-looking statements generally relate to future
events, including impact of the transaction and potential market
opportunities. In some cases, you can identify forward-looking
statements because they contain words such as "may," "will,"
"should," "expects," "plans," "anticipates," "could," "intends,"
"target," "projects," "contemplates," "believes," "estimates,"
"predicts," "potential" or "continue" or the negative of these
words or other similar terms or expressions that concern the
proposed transaction and our expectations, strategy, plans or
intentions regarding it. The forward-looking statements contained
in this communication are also subject to other risks and
uncertainties, including those more fully described in filings with
the Securities and Exchange Commission, including reports filed on
Form 10-K, 10-Q and 8-K and in other filings made by Lumentum with
the SEC from time to time and available at www.sec.gov. These
forward looking statements are based on current expectations, all
of which are subject to change. Lumentum undertakes no obligation
to update the information contained in this communication or any
other forward-looking statement.
Category: Financial
Contact Information:
Investors: Kathy Ta, (408)
750-3853; investor.relations@lumentum.com
Media: Sean Ogarrio, (408)
546-5405; media@lumentum.com
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SOURCE Lumentum