Accelink buys Ignis Photonyx as it prepares to merge with WTD

Created December 11, 2012
News and Business

Accelink Technologies has acquired the Danish planar lightwave circuit (PLC) company, Ignis Photonyx A/S.

The Chinese optical component player has paid US$ 2.6 million (€2.0 million) for the company, which will become a wholly-owned subsidiary. Accelink has also agreed to spend US$ 5.4 million (€4.2 million) to upgrade facilities and contribute to the working fund.
 
Meanwhile, Accelink has received the go-ahead for its planned merger with another leading Chinese optical component player, Wuhan Telecommunication Devices (WTD). The merger was approved by the China Securities Regulatory Commission in late November. 
 
By acquiring Ignis Photonyx, Accelink says it will gain the Danish company’s PLC technology and expertise, helping the company to become more vertically integrated. The acquisition will also accelerate the company’s entry into higher-end markets and raise its industry profile. In particular Accelink/WTD will focus on developing 100Gbps and 400Gbps products.
 
Accelink has a long relationship with Ignis Photonyx, having been a customer of its athermal and thermal arrayed waveguide gratings as well as its splitter products since 2007.
 
Ignis Photonyx is a subsidiary of Ignis ASA which was acquired by Finisar in 2011.
 
By Roy Rubenstein

See Also: 

Press release: Accelink’s Acquisition of IPX Improves its Vertical Integration Capability

Press release: Accelink’s Major Asset Restructuring Approved by CSRC

Roy Rubenstein

This article was written
by Roy Rubenstein

is the editor of gazettabyte.com and has been researching and writing about the telecom and semiconductor industries for over 20 years.