Who bought finisar?
II-VI Incorporated bought Finisar Corporation.
Acquisition of Finisar by II-VI Incorporated
The acquisition of Finisar by II-VI Incorporated was announced in November 2018. II-VI Incorporated, a global leader in engineered materials and optoelectronic components, agreed to purchase Finisar, a leading provider of optical communication modules and components. The deal was valued at approximately $3.2 billion.
The acquisition of Finisar by II-VI Incorporated was seen as a strategic move to strengthen II-VI's position in the rapidly growing optical communications market. By combining the expertise and product portfolios of both companies, II-VI aimed to enhance its capabilities in data centers, telecom networks, and 5G infrastructure.
The acquisition was completed in September 2019, after receiving approval from the shareholders of both companies and meeting regulatory requirements. With the completion of the acquisition, II-VI became one of the largest suppliers of optical communication components and subsystems globally.
Since the acquisition, II-VI has continued to expand its product offerings and market presence. In 2020, the company announced the launch of new products and solutions for advanced optical communications, including high-speed transceivers for data centers and coherent optics for 5G networks.
The acquisition of Finisar has positioned II-VI as a key player in the optical communications industry. The company is well-positioned to capitalize on the increasing demand for high-speed data transmission and connectivity, driven by emerging technologies such as cloud computing, artificial intelligence, and Internet of Things.
Overall, the acquisition of Finisar by II-VI Incorporated has strengthened II-VI's position in the optical communications market and positioned the company for future growth opportunities.
Acquisition of Finisar by II-VI: Implications and Benefits
The acquisition of Finisar by II-VI is a significant development in the tech industry. II-VI, a leading provider of engineered materials and optoelectronic components, announced in 2018 that it would acquire Finisar, a prominent manufacturer of optical communication components and subsystems.
The acquisition brings together two major players in the optical communications market, creating a stronger and more diversified company. II-VI's expertise in engineered materials and Finisar's leadership in optical communication technologies complement each other, allowing the combined entity to offer a more comprehensive product portfolio to its customers.
This acquisition has several implications and benefits. Firstly, it enhances II-VI's position as a leading provider of optical communication solutions. By integrating Finisar's capabilities, II-VI can offer end-to-end solutions for high-speed data transmission, enabling it to better serve the growing demand for optical communication in various industries.
Secondly, the acquisition strengthens II-VI's presence in the 3D sensing market. Finisar is a key supplier of vertical-cavity surface-emitting lasers (VCSELs), a critical component in facial recognition technology used in smartphones and other devices. This positions II-VI to capitalize on the increasing adoption of 3D sensing technology in consumer electronics.
Furthermore, the combined company can leverage its increased scale and resources to drive innovation and accelerate the development of next-generation technologies. This includes advancements in data center connectivity, autonomous vehicles, and other emerging applications that rely on optical communication.
In terms of the latest point of view, it is important to note that the acquisition has been completed, with II-VI officially acquiring Finisar in September 2019. Since then, the combined company has continued to expand its product offerings and strengthen its market position. The acquisition has also allowed II-VI to diversify its customer base and expand its global reach, further solidifying its position as a leader in the optical communication industry.