MACOM Completes Acquisition of BinOptics
MACOM, the US supplier of RF, microwave, millimeterwave and photonic products, today announced that it has successfully completed its previously announced acquisition of BinOptics, a leading provider of InP lasers for datacentres, mobile backhaul, silicon photonics and access networks, in an all-cash transaction valued at $230 million.
"Our goal with this acquisition will be to further extend MACOM's preeminent position in the optical space, as we now have an even broader platform to benefit from what we anticipate will be a strong secular growth driver for many years to come," said John Croteau, president and CEO of MACOM.
MACOM funded the purchase price of the acquisition from a combination of cash on hand and incurrence $100 million of additional indebtedness from its existing revolving credit facility.
