MACOM to acquire BinOptics for $230 million
InP laser provider plays to strengths in compound semiconductor manufacture
MACOM, the supplier of high performance RF, microwave, and millimeter wave products, has announced it has agreed to acquire BinOptics Corporation, a provider of InP lasers for datacentres, mobile backhaul, silicon photonics and access metworks, in an all-cash transaction valued at $230 million.
Commenting on the transaction, John Croteau, president and CEO stated: "This acquisition further extends MACOM's preeminent position in what we expect will be a strong secular growth driver for many years to come. We believe BinOptics' wafer-scale model for InP lasers will play perfectly to our strength in compound semiconductor manufacturing, allowing us to quickly address what is currently a supply-constrained part of the optical component industry. BinOptics' business model is consistent with our gross margin and operating margin aspirations, and we expect the transaction to be accretive to non-GAAP gross margin and EPS within the first full quarter of combined operations."
BinOptics' current products include a wide range of FP and DFB lasers as well as lasers with narrow far-fields.BinOptics also offers custom integrated components for optical systems and subsystems.