JDS FITEL Inc. (Nepean, ON, Canada) announced the signing of an agreement to acquire the assets of

Jan. 1, 1999

JDS FITEL Inc. (Nepean, ON, Canada) announced the signing of an agreement to acquire the assets of the Akzo Nobel Photonics business unit from Akzo Nobel Business Developments B.V., a wholly owned subsidiary of Akzo Nobel N.V. (Netherlands). In conjunction with the acquisition, JDS FITEL also entered into a strategic alliance with AlliedSignal Inc. (Morristown, NJ) to further exploit the technology purchased from Akzo Nobel. Under terms of the agreement, JDS FITEL acquires all assets of Akzo Nobel Photonics for an initial cash purchase price of approximately $19 million, plus a maximum aggregate earn-out of $6 million to be paid, based on financial performance, beginning in the third fiscal year after acquisition closure, expected in the third quarter of fiscal 1999.

Sponsored Recommendations

Data Center Interconnection

June 18, 2024
Join us for an interactive discussion on the growing data center interconnection market. Learn about the role of coherent pluggable optics, new connectivity technologies, and ...

The Journey to 1.6 Terabit Ethernet

May 24, 2024
Embark on a journey into the future of connectivity as the leaders of the IEEE P802.3dj Task Force unveil the groundbreaking strides towards 1.6 Terabit Ethernet, revolutionizing...

Supporting 5G with Fiber

April 12, 2023
Network operators continue their 5G coverage expansion – which means they also continue to roll out fiber to support such initiatives. The articles in this Lightwave On ...

The Pluggable Transceiver Revolution

May 30, 2024
Discover the revolution of pluggable transceivers in our upcoming webinar, where we delve into the advancements propelling 400G and 800G coherent optics. Learn how these innovations...