MACOM buys assets and technology for HSOR business for
Luna to retain Terahertz technology
The sale includes the operations associated with Luna’s development,
manufacturing and sales of products such as high-speed integrated
coherent receivers and photodiodes. Luna originally acquired these
operations as part of its merger with
“Since the merger with API, we have invested substantial time and
resources into the HSOR business as a significant growth area,” said
As part of the transaction, employees associated with the company’s HSOR
operations and administration in the company’s location in
“Similar to our High Performance Analog and 25G laser products, Luna's
industry-leading high speed optical receiver products and technology are
well-aligned with MACOM's previously-announced growth strategy in Cloud
Data Centers and other high-speed networking markets, and we are excited
to be able to add these products to our growing portfolio through this
tuck-in acquisition,” said
“We are delighted with the outcome of the transaction and the value we have created for Luna’s stockholders,” Chung said. “We are especially grateful to the dedicated employees in the HSOR business whose skills and efforts have resulted in building this valuable business.”
The purchase price includes
Luna currently intends to utilize a portion of the proceeds of the transaction to invest in expanding its fiber optic sensing product offering.
Mr. Chung and
About Luna
About Macom
MACOM enables a better-connected and safer world by delivering breakthrough semiconductor technologies for optical, wireless and satellite networks that satisfy society’s insatiable demand for information. Today, MACOM powers the infrastructure that millions of lives and livelihoods depend on every minute to communicate, transact business, travel, stay informed and be entertained. Our technology increases the speed and coverage of the mobile Internet and enables fiber optic networks to carry previously unimaginable volumes of traffic to businesses, homes and datacenters. Keeping us all safe, MACOM technology enables next-generation radars for air traffic control and weather forecasting, as well as mission success on the modern networked battlefield. MACOM is a pillar of the semiconductor industry, thriving for more than 60 years of daring to change the world for the better, through bold technological strokes that deliver true competitive advantage to customers and superior value to investors. For more information visit: www.macom.com.
Forward Looking Statements
This release includes information that constitutes "forward-looking
statements" made pursuant to the safe harbor provision of the Private
Securities Litigation Reform Act of 1995, including statements
regarding, but not limited to statements concerning, the final purchase
price of the HSOR business, the amount of any post-closing adjustments
to the purchase price, the potential release of the escrowed purchase
amount, MACOM’s plans and expectations for the HSOR business, any
expected contributions to MACOM’s growth, operations and future
financial results, the impact of the transaction on MACOM’s market
position and ability to meet the expectations of any market, MACOM’s
plans to transfer the HSOR employees into its business, and Luna’s
planned use of proceeds from the transaction. Actual results may differ
materially from the expectations expressed in such forward-looking
statements as a result of various factors, including the final
determination of the amount of the working capital adjustment required
by the purchase agreement, potential post-closing indemnity claims, if
any, the future development of Luna’s various remaining businesses and
investment opportunities that are available to Luna, and risks and
uncertainties set forth in Luna’s and MACOM’s periodic reports and other
filings with the
View source version on businesswire.com: http://www.businesswire.com/news/home/20170809006084/en/
Source:
Luna Innovations Incorporated
Dale Messick, 1-540-769-8400
[email protected]