Enablence Technologies and its wholly-owned U.S. subsidiary have completed the acquisition of certain DuPont Photonics assets.

 

The transaction was completed according to specifications announced earlier this month.

 

Along with the closing of this transaction, Boston based DuPont has also completed a $5 million investment in Enablence.

 

According to the terms of the deal, Enablence issued 6,847,638 common shares, at a price of $1.42 per share. Company officials said this was issued as consideration for the acquisition of DuPont Photonics assets and the investment by DuPont of $5 million, for a total value of $9.5 million.

 

Officials said that the intellectual property and other assets acquired under the agreement will position Enablence to deliver Planar Lightwave Circuits (PLC)-based products such as integrated Reconfigurable Optical Add Drop Multiplexers (ROADM (News - Alert)), 1xN, MxN and NxN switches and Variable Optical Attenuators.

 

“The acquired intellectual property, facilities and product lines are complementary to Enablence's current operations in its Optical Components and Subsystems Division,” said Arvind Chhatbar, President and CEO at Enablence.

 

He also said that this acquisition will provide an immediate revenue stream and an opportunity to cross-sell these DuPont Photonics products to the worldwide customer base.

 

Daminder Johar, general manager at Dupont Photonics, stated that Enablence was the best fit for the technology developed at DuPont Photonics given that Enablence is emerging as a leader in the PLC space.

 

“The acquisition will permit DuPont Photonics customers to be serviced by a company that has a proven track record of delivering advanced photonic components in access, metro, and long haul communication markets,” Johar added.

 

Enablence is a supplier of fiber-to-the-home (FTTH) equipment for triple-play residential and business services and optical components and subsystems for access, metro and long haul markets.