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wiredInUSA - May 2016
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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.
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
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.