IPG Photonics to enter optical pluggable module market with Menara Networks acquisition
IPG Photonics Corp. (NASDAQ:IPGP), which has specialized in high-power fiber lasers and amplifiers, plans to enter the optical pluggable module market with the acquisition of smart optical transceiver vendor Menara Networks, Inc. IPG will pay $46.8 million in cash for Menara, subject to closing adjustments. The company expects the deal to close this quarter.