WiredInUSA May 2016

Optic fiber acquisition Corning has agreed to acquire Alliance Fiber Optic Products (AFOP) with an all-cash offer for AFOP’s outstanding common shares at $18.50 per share. The offer represents a transaction value of around $305 million.

headquartered in Sunnyvale, California, AFOP has manufacturing and product development capabilities in the US, Taiwan and China. Corning plans to integrate AFOP into its optical communications business segment. The company is expecting the acquisition to expand its market access to cloud data center operators and OEMs, and broaden its presence in Asia.

AFOP manufactures passive optical components, such as those used by cloud data center operators and datacom and telecom OEMs. AFOP components are already used in several of Corning’s existing connectivity solutions. Founded in 1995 and

wiredInUSA - May 2016

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