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1 November 2013

Oclaro closes sale of Amplifier and Micro-Optics business to II-VI Inc

Oclaro Inc of San Jose, CA, USA (which provides lasers and optical components, modules and subsystems for optical communications) has closed the sale of its Amplifier and Micro-Optics to engineering materials and optoelectronic components provider II-VI Inc of Saxonburg, PA, USA (announced on 10 October) for $88.6m.

II-VI paid Oclaro $79.6m in cash at closing. II-VI had previously (on 12 September) paid Oclaro $5m for a 30-day option to buy the business, which was credited against the $88.6m purchase price. The remaining $4m will be held by II-VI until end-December  2014 to address any post-closing claims.

See related items:

II-VI to buy Oclaro’s amplifier and micro-optics business for $88.6m

Oclaro sells Zurich GaAs laser diode business to II-VI for $115m

Oclaro selling thin-film filter business and interleaver product line to II-VI’s Photop for $27m

Tags: Oclaro II-VI Inc

Visit: www.ii-vi.com

Visit: www.oclaro.com

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