Wednesday, March 6, 2013

TeraXion Acquires COGO's InP Optical Modulator

TeraXion, which manufactures optical components and modules, acquired COGO Optronics' Canadian subsidiary along with critical intellectual property assets. Financial terms were not disclosed.

"Today's announcement is another milestone in line with our organic and acquisitive growth strategy. The team in Ottawa and California is bringing new and highly complementary expertise to our current capabilities. 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 Gb/s and above transceiver development", mentioned Alain-Jacques Simard, President and CEO, TeraXion. "This additional building block will accelerate the development of our photonic integration products roadmap where performance, size and power consumption are key requirements", said Martin Guy, V-P Product Management and CTO at TeraXion.

"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", commented 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", further noted COGO's CFO Ron Lacey.

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