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NeoPhotonics Completes Acquisition Of LAPIS' Semiconductor Optical Business Unit

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3/29/2013 2:48 AM ET

NeoPhotonics Corp. (NPTN: Quote) announced the completion of acquisition of the semiconductor optical components business unit of LAPIS Semiconductor Co., Ltd. for total purchase price is approximately $35.2 million, including future payments for real estate. The OCU business was merged into and now operates as NeoPhotonics Semiconductor GK, a Japanese subsidiary of NeoPhotonics.

NeoPhotonics expects OCU deal to be accretive to its Adjusted EBITDA within the first year following the transaction.

In addition, NeoPhotonics plans to provide an update on the OCU business when it releases its quarterly financial results for the first quarter of 2013, which is currently expected to be in the first half of May 2013.

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by RTT Staff Writer

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