Optical Communication Buys GigaComm

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Optical Communication Products Inc. said Friday that it has agreed to acquire privately-held GigaComm Corp., a Taiwan-based supplier of passive optical network (PON) fiber-to-the-home (FTTH).


Woodland Hills-based Optical Communication, which makes high performance fiber optic subsystems and modules for metropolitan area, local area and storage area networks, will pay $20 in cash for GigaComm, the company said. GigaComm is a leading supplier of FTTH modules in Japan, which is presently the world’s largest FTTH market.


The transaction is Optical Communication’s first venture in Asia and is projected to be completed by the end of this summer. The deal is expected to increase Optical Communication’s revenues by approximately 25 percent, the company said.


“GigaComm gives us instant penetration into the Asian market, as well as positioning (Optical Communication) to take advantage of the emerging gigabit passive optical network markets in North America and Europe,” said Chief Executive Muoi V. Tran in a statement. GigaComm will become a wholly owned subsidiary of Optical Communication and continue to operate in Taiwan.

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