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Volex PLC Acquires Applied Micro Active Optical Technology Platform From Applied Micro Circuits Corp


Tuesday, 15 Jan 2013 02:00am EST 

Volex PLC and Applied Micro Circuits Corp announced that the companies have completed a transaction under which Volex has acquired active optical technology from AppliedMicro for a purchase price of approximately USD2 million. Under the asset sale agreement, AppliedMicro has agreed to a five-year non-compete in connection with the marketing and sale of active optical cables, transceivers, modules and related assemblies. The companies will share ownership of the associated active optical patent portfolio, allowing each company to continue development of the technologies, and forming the basis for the two companies to collaborate on next generation optical interconnect products and solutions. 

Company Quote

6.9
0.25 +3.76%
4:00pm EDT