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Optoelectronic component producer II-VI Inc. announced on November 9th that it is going to acquire Finisar, the supplier of optical communication products for Apple with a deal worth US$3.2 billion cash and stock.
The acquisition will combine the two lasers and optical components companies and enable them to leverage their expertise to provider a wider range of products for applications including autonomous vehicles and 3D sensing. Through the merger, II-VI aims to strengthen its business in optical communications for the coming 5G era. Moreover, the two companies are going to integrate their technologies in semiconductor laser design and manufacturing to boost the development in 3D sensing and LiDAR. The merger also allows II-VI to further explore new opportunities and applications in the market with a broader product portfolio of differentiated engineered materials, according to the company.
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