TeraXion Inc. has acquired COGO Optronics Canadian Subsidiary, a developer of high-speed optical modulators based on indium phosphide (InP), along with intellectual property assets. Woodside Capital Partners acted as the exclusive advisers to the transaction.
Terms of the deal were not disclosed.
The acquisition is another milestone in the company’s growth strategy, according to TeraXion. The company, best known for its dispersion compensation modules, has moved aggressively into other optical component areas.
“The team in Ottawa and California is bringing new and highly complementary expertise to our current capabilities,” said Alain-Jacques Simard, president and CEO, TeraXion. “The InP modulator product line developed over the years at COGO has all the attributes to meet the market’s needs for next-generation 100 Gbps and above transceiver development.”
The additional building block will accelerate the development of our photonic integration products roadmap where performance, size and power consumption are key requirements, he adds.
“This combination will better service the needs of our existing customers and accelerate the time to market of the rich products pipeline COGO has been developing in conjunction with leading customers," said COGO’s CEO Alka Swanson.
"Combining the advanced InP technology and products developed by COGO with the larger scale and market reach of TeraXion will result in a more stable commercial platform from which the business can be ramped to its full potential," noted COGO's CFO Ron Lacey.
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