SAN JOSE, USA: NeoPhotonics Corp. has completed the acquisition of privately held Santur Corp., a leading designer and manufacturer of Indium Phosphide (InP) based PIC products.
As previously disclosed, NeoPhotonics agreed to pay an estimated $39.2 million in cash for Santur, after deductions for closing costs and other adjustments, plus up to $7.5 million additional cash contingent on the financial performance of Santur products subsequent to closing of the transaction through the end of 2012.
“The acquisition of Santur further enhances our leading position in PIC-based modules and subsystems for high speed networks,” said Tim Jenks, chairman and CEO, NeoPhotonics. “By combining active InP PICs from Santur with our hybrid PICs, we can provide our customers with new products for 100G coherent systems that feature higher levels of integration, higher performance and greater functionality.”
Founded in November 2000, Santur is located in Fremont, California, and is focused on commercializing PIC-based laser array and packaging technologies for communications. Santur’s technology includes established telecom designs offering elegant approaches to wide tunability as well as high speed transceivers. Santur products are designed to provide reduced size, power consumption and cost for a wide range of DWDM, Coherent and Client Side networking applications in 10G, 40G and 100G networks.