Cisco confirms takeover of silicon photonics specialist Luxtera for USD 660 mln

Nieuws Algemeen Wereld 18 DEC 2018
Cisco confirms takeover of silicon photonics specialist Luxtera for USD 660 mln

Cisco has confirmed the takeover of US-based semiconductor company Luxtera for USD 660 million. The company's silicon photonics technology is expected to strengthen Cisco's networking portfolio and support the transition to 400G. 

Cisco said Luxtera’s technology, design, and manufacturing innovation significantly improves chip scale and performance, while lowering costs. The company plans to incorporate Luxtera’s technology across its intent-based networking portfolio, spanning enterprise, data centre and service provider markets. 

Cisco will pay the acquisition price in cash and assumed equity awards. The takeover is expected to close by April 2019, subject to regulatory clearance. Luxtera employees will join Cisco's optics unit led by David Goeckeler.

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Semiconductors, Network equipment, Wholesale, M&A buyouts & divestments

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