PITTSBURGH, Sept. 04, 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.
About II-VI Incorporated
II-VI Incorporated, a global leader in engineered materials and optoelectronic components, is a vertically integrated manufacturing company that develops innovative products for diversified applications in the industrial, optical communications, military, life sciences, semiconductor equipment, and consumer markets. Headquartered in Saxonburg, Pennsylvania, the Company has research and development, manufacturing, sales, service, and distribution facilities worldwide. The Company produces a wide variety of application-specific photonic and electronic materials and components, and deploys them in various forms, including integrated with advanced software to enable our customers. For more information, please visit us at www.ii-vi.com.
