EXFO Inc. (NASDAQ: EXFO) (TSX: EXF) says it has completed its previously announced acquisition of InOpticals Inc., a Taiwan-based developer of high-speed test instruments for laboratory and manufacturing applications. The purchase price, which EXFO described last September as “mostly valued in EXFO shares,” was not disclosed (see “EXFO to buy manufacturing and R&D test instrument company InOpticals”).
EXFO expects the addition of InOpticals’ sampling oscilloscopes, bit-error rate testers (BERTs), and other test instruments will strengthen its support of emerging requirements for 400G and 800G test among optical component and network equipment manufacturers. The company believes the new assets will prove particularly useful for the evaluation of silicon photonics based transceivers and active and passive components.
The buy complements EXFO’s earlier purchase of Yenista Optics, which also significantly enhanced its portfolio of design and production test equipment (see “EXFO eyes Yenista Optics acquisition”). "EXFO has made strategic investments in recent years, both internally and through acquisitions, to increase its footprint in the rapidly growing lab and manufacturing test segments," commented Germain Lamonde, EXFO's founder and executive chairman. "This latest acquisition of InOpticals raises our T&M addressable market to more than $1 billion by expanding our high-end portfolio related to 400G and 800G technologies. Ultimately, it will allow EXFO to strengthen its leadership position in the global fiber-optic test equipment market."
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