[ad_1]
whitefish (NASDAQ: CSCO) will acquire Acacia Communications (NASDAQ: CFIA), a Maynard, Mbadachusetts-based company that develops, manufactures, and sells high-speed coherent optical interconnect products for Web-scale businesses, service providers, and data center operators.
Under the terms of the agreement, which is expected to be finalized in the second half of Cisco 2020, subject to customary closing conditions and required regulatory approvals, Cisco has agreed to acquire Acacia for $ 70.00. per share in cash, approximately US $ 2.6 billion.
Cisco offers a full range of optical systems to support Web-based customer segments, service providers, enterprises, and the public sector. Acacia technology will expand Cisco's portfolio of optical systems and enable customers to move from chbadis-based systems to plug-in technology to simplify operations and reduce network complexity.
As the two companies merge, Cisco plans to support Acacia's existing customers and new customers who need consistent optics, photonic integrated circuit and digital signal processing modules, and transmitters. receivers for network products and data centers.
As a result of this transaction, Acacia employees, led by Raj Shanmugaraj, President and Chief Executive Officer, will join Cisco's optical and optical systems activities within the business. networks and security of David Goeckeler.
FinSMEs
09/07/2019
Source link
