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News

16 April 2007

 

Emcore acquires Opticomm for $4m

Emcore Corporation of Somerset, New Jersey, USA has acquired Opticomm Corporation, paying an initial consideration of $4m for all of the company’s shares, plus an additional earn-out payment based on Opticomm's 2007 revenues.

Emcore says the deal should yield around $7m in revenue for calendar year 2007, following Opticomm’s revenues of $6.3m in 2006.

Founded in 1986 and headquartered in San Diego, USA, Opticomm is a specialist in the field of fiber optic video, audio and data networking. Its products include the Optiva Platform, a line of transmission systems.

"This represents a tremendous opportunity to increase Emcore’s presence in the rapidly expanding video transport market," said Chris Larocca, VP and GM of Emcore’s Ortel division. "This transaction enables Emcore to integrate the complementary technologies added from the recent acquisition of Force Inc into a single, high-density and modular platform. The combined product line uniquely positions Emcore as a leading supplier of products to aggregate, process and transport video signals to IP, HFC, FTTx and wireless networks."

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Visit: http://www.emcore.com