PITTSBURGH, September 4, 2018 (GLOBE NEWSWIRE) – II‐VI Incorporated (NASDAQ:IIVI) (the “Company”), a global leader in engineered materials and optical solutions for networks, today announced that it successfully completed the acquisition of CoAdna Holdings, Inc. (TWSE:4984), a global leader in wavelength selective switches (WSS).
II-VI announced its intent to acquire CoAdna on March 26, 2018. CoAdna will be integrated into the II-VI Photonics Segment. Post-closing, the Company maintains its Q1 FY2019 financial guidance as stated in its most recent earnings release on August 7, 2018.
“I’m pleased to welcome CoAdna to II-VI,” said Dr. Chuck Mattera, President and CEO, II-VI Incorporated. “Together, we will be able to leverage our vertical integration and our combined capabilities to offer differentiated modules, ROADM line cards and subsystem products in a rapidly evolving market.”
CoAdna’s LightFlow™ WSS product series complements II-VI’s industry-leading portfolio of products for optical amplification and monitoring that enables ROADM line cards. CoAdna’s headquarters in Sunnyvale, CA will now be the II-VI Technology Center Silicon Valley.
II-VI will showcase its portfolio of optical communications products at CIOE in Shenzhen, China, September 5-8, 2018 in Booth #1B51 and at ECOC in Rome, Italy, September 24-26, 2018 in Booth #323.