JDS Uniphase Corp. has announced a definitive agreement to acquire privately held Acterna Inc., a manufacturer of optical test and management solutions for service providers and network equipment vendors worldwide.
Under the terms of the agreement, JDS Uniphase will acquire Acterna for $760 million, comprising $450 million in cash and $310 million in JDS Uniphase's common stock, subject to adjustments. The acquisition is subject to customary closing conditions and regulatory approvals, and is expected to close in the quarter ending Sept. 30.
With this acquisition JDS Uniphase becomes a provider of optical communications subsystems and broadband test and management systems. With combined annual revenues of more than $1 billion, company representatives say its portfolio of products and services will enhance the deployment of Internet Protocol (IP)-based data, voice and video services over optical long haul, metro, fiber-to-the-home, DSL and cable networks. With sales and distribution in more than 160 countries, JDS Uniphase will serve an expanded customer base that includes the largest 100 telecommunications and cable services providers and system manufacturers worldwide.
"Broadband and optical solutions are foundational to the growth of IP-based residential and business services," says Kevin Kennedy, president and CEO of JDS Uniphase. "We believe that vendors with a broad portfolio of vertically integrated broadband and optical solutions are best equipped to succeed in this market. With the addition of Acterna, we believe our combined portfolio and global sales channel will improve our ability to serve our customers as they deploy next generation IP services."
JDS Uniphase Corp., based in San Jose, CA, designs and manufactures components, modules and subsystems for data communications. For more information visit www.jdsu.com.
