Macom completes Acquisition of FiBest
Macom Technology has successfully completed its $60M all-cash acquisition of FiBest, a Japan-based merchant market component supplier of optical sub assemblies, for approximately $60 million in cash.
"With the close on our acquisition of FiBest, we believe we are now better positioned to enhance the strategic value we deliver to customers by providing all of the technology, products and packaging to further extend Macom's preeminent position as a leading supplier of optical networking components", said John Croteau, president and CEO of Macom.
"This transaction also significantly expands our addressable market in datacenters for 100G data rates and beyond, while further unlocking a robust sales channel for Macom in an estimated $500 million RF and microwave component market in Japan", she added.
