Avago announces its intention to acquire CyOptics
Avago Technologies has announced a definitive agreement to acquire optical component player CyOptics. The value of the acquisition, at $400 million (€304 million), is double CyOptics’ revenues in 2012. CyOptics’ sales were $210 million (€160 million) last year, up 21 percent from the previous year. Avago’s acquisition will make it the optical component […]