II-VI to buy wavelength switch developer CoAdna for $85m

Created April 3, 2018
News and Business

Complementary product portfolio for ROADMs; business to become part of II-VI’s Photonics segment.

Optical solutions developer II‐VI is to buy CoAdna Holdings, based in Sunnyvale, CA, in a deal valued at approximately $85 million. CoAdna produces the smart photonic components, modules and systems destined for next-generation optical networks to enable the fast-growing high-speed broadband applications.

The transaction price includes the acquisition of CoAdna’s approximately $40 million in cash. The transaction is expected to close in the third calendar quarter of 2018 and is subject to the approval of CoAdna’s shareholders, regulatory approvals and customary closing conditions.

CoAdna develops wavelength-selective switches, based on its patented LightFlow liquid crystal platform and the integration of II-VI’s micro-optics. CoAdna’s WSS modules have been integrated alongside II-VI’s optical amplifiers, optical channel monitors and other II-VI components on ROADM line cards designed by II-VI, CoAdna and their customers.

Sunny Sun, President, Photonics Segment, II-VI, commented, “CoAdna and II-VI have been great business partners for many years, leveraging each other’s complementary products and technologies for the optical transport market.

“We are eager to realize our synergies to grow the WSS business over our strong sales channels and shorten the time to market for our new products. With our manufacturing scale, vertical integration and broad product portfolio, we are well positioned for the growth in ROADM demand driven by metro network upgrades, new datacenter interconnect architectures and the emerging 5G wireless infrastructure.”

Combined portfolio
The companies’ combined portfolio of products for ROADM line cards will include fixed- and flex-band 1xN WSS, tunable mux/demux, dual-chip pump lasers, passive components, arrayed-EDFAs, high-resolution optical channel monitors and optical time domain reflectometers. II-VI also designs and manufactures fully-integrated ROADM line cards. CoAdna will contribute to the joint product portfolio its OvS™ platform that features a distributed cross connect architecture for data center networking.

CoAdna designs and manufactures highly integrated, intelligent optical components, modules and sub-systems, such as LC devices, WSS, and ROADM, etc., based on its patented LightFlow™ platform. These products enable fast-growing high-speed broadband applications to connect the world. To learn more about CoAdna, please visit www.CoAdna.com

II-VI Incorporated, a global leader in engineered materials and optoelectronic components, is a vertically integrated manufacturing company that develops innovative products for diversified applications in the industrial, optical communications, military, life sciences, semiconductor equipment, and consumer markets.

For more information, visit www.ii-vi.com

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This article was written
by Matthew Peach

Matthew Peach is a freelance technology journalist specialising in photonics and communications. He has previously worked for several business-to-business publishers, editing a range of high-tech magazines and websites.