Ciena has agreed to acquire TeraXion's High-Speed Photonics Components (HSPC) assets for CAD 46.6 million (USD 32 million) cash. The acquisition includes TeraXion's high-speed indium phosphide and silicon photonics technologies as well as underlying intellectual property. These technologies are key enablers of Ciena's WaveLogic coherent optical chipsets, which make the optical layer of next-generation networks more intelligent and responsive to web-scale demands. TeraXion said the business will be able to accelerate its development by being part of a bigger group like Ciena as well as optimitise its products more for use with Ciena chipsets.
With the acquisition, Ciena will maintain critical design and innovation resources in Quebec City and bolster its R&D centre of excellence in Ottawa. Ian Woods, TeraXion's HSPC Business Unit leader will be joining the Packet Optical Platforms organisation at Ciena. Following the transaction, TeraXion will continue to operate its fibre-optic communication, fibre lasers and optical sensing applications business, with 120 employees remaining with TeraXion in Quebec City.
