Aegis Lightwave merges into Photop Technologies

Aegis Lightwave Inc. has merged with fellow II-VI Inc. (NASDAQ: IIVI) subsidiary Photop Technologies. The merged companies will operate under the Photop brand, with Aegis Lightwave now doing business as Photop Aegis Inc. Aegis’s AOFR Pty. Ltd. subsidiary has in turn been renamed Photop AOFR Pty Ltd.

Aegis Lightwave Inc. has merged with fellow II-VI Inc. (NASDAQ: IIVI) subsidiary Photop Technologies. The merged companies will operate under the Photop brand, with Aegis Lightwave now doing business as Photop Aegis Inc. Aegis’s AOFR Pty. Ltd. subsidiary has in turn been renamed Photop AOFR Pty Ltd.

Photop Aegis offers a range optical channel monitors designed for ROADM applications in fiber-optic networks, while Photop Technologies designs and manufactures crystals and advanced optics, optical components, and photonic products for a range of applications. Photop Technologies became a subsidiary of II-VI in 2010, and Aegis Lightwave came onboard in 2011.

Photop Aegis and Photop AOFR have transferred their main manufacturing operations to Photop Technologies’ facilities in Fuzhou, China. II-VI expects the merger will enable its affiliates to better serve its global customer base with coordinated sales, marketing, applications engineering, and product development. The joint product portfolio will be marketed as one Photop product portfolio, with each product carrying the same brand identity.

“We are excited about the ability to leverage Photop’s strong brand identity to accelerate the sales of our market leading optical channel monitors and fused fiber devices in the global market,” said Chris Koeppen, general manager, Photop Aegis.

“We look forward to partnering with Aegis and AOFR to further develop our product portfolios and market penetration worldwide where Photop is rapidly becoming a leading player of optical components and photonic products dedicated to the markets of communications, industrial applications, and life sciences,” said John Ling, CEO of Photop Technologies.

For more information on optical components and suppliers, visit the Lightwave Buyer’s Guide.

More in Mergers & Acquisitions