logo
Share SHARE
FONT-SIZE Plus   Neg

NeoPhotonics Completes Acquisition Of LAPIS' Semiconductor Optical Business Unit

NeoPhotonics Corp. (NPTN) 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
A blast at the Al-Imam al-Sadeq mosque in Kuwaiti capital killed eight people. Several people were wounded in the explosion, probably a suicide bombing, after the Friday prayers. Many are said to be in critical condition. One was killed in a probable ISIS attack at U.S. based Air products and Chemicals' industrial site in France. According to media reports, a car disguised as a delivery vehicle was rammed into Air product site in Schiltigheim, Southeast France. Police arrested a young man of around 30 years old, who is suspected to have connections with Islamic State. Nike Inc., the world's largest athletic shoes and apparel maker, said Thursday after the markets closed that its fourth quarter profit rose 24% from last year, helped by higher revenue and improved gross margin amid strong growth in North America.
comments powered by Disqus
Follow RTT