Oclaro Japan sells LED business to Ushio
Deal includes LED, red, violet and some infrared laser diodes
Ushio Inc has announced that its subsidiary Ushio Opto Semiconductors, headquartered in Tokyo, has signed an agreement to acquire the LED, red, violet and part of the infrared laser diode business from Oclaro Japan.
By this transfer, Ushio aims to expand of its solid-state light sources business. Ushio will receive transfer of the business related to the development, manufacture, and sales of semiconductor lasers and LEDs (other than Oclaro Japan's optical communication business) from Oclaro Japan.
"Today, optical processes and applications have become more and more diversified and important in the industry. We at Ushio will provide a variety of light sources, including high-brightness and high-quality LEDs and LDs, as well as our existing lamp products to meet the diversified needs of our customers," commented Shiro Sugata, president and CEO of Ushio Inc.
"We are pleased to sign this agreement with Ushio, it was critical for Oclaro Japan to find a respected partner that would provide new opportunities to our Komoro employees and continued support and innovation to our customers," commented Tadayuki Kanno, president of Oclaro Japan.
The closing of the transaction is expected to occur during the fourth calendar quarter of 2014.
Ushio Opto Semiconductors was established in July 2014 as a wholly owned subsidiary of Ushio Inc. Established in 1964, Ushio Inc manufactures light sources in a broad range from ultraviolet to visible to infrared wavelengths, as well as of optical equipment and cinema-related products that use these light sources. It also makes semiconductors, flat panel displays and electronic component.
Oclaro Inc makes optical components, modules and subsystems for the core optical, enterprise and data centre markets, based on more than three decades of laser technology innovation, photonics integration, and subsystem design.