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Maxim bags optical transceiver chips maker

Posted: 15 Sep 2010     Print Version  Bookmark and Share

Keywords:optical transceiver  FTTH  datacom 

In a merger that creates synergies for the two companies, Maxim Integrated Products Inc. has bought privately held Phyworks Ltd in a cash deal of approximately Rs.338.55 crore ($72.5 million).The merger creates synergies for Phyworks' fibre-to-the-home (FTTH) applications and Maxim's datacom and telecom portfolio. Phyworks also brings to the table its success in the optical infrastructure market while Maxim's branding will strengthen customer traction.

Maxim CEO Tunc Doluca remarks, "Business and consumer appetite for access to information anywhere, anytime, will continue to grow exponentially. The backbone to support the increased data traffic is high-speed optical networks. Additionally, optical networks are now beginning to reach consumers directly with fibre to the home. The addition of Phyworks' product portfolio and talent to Maxim strengthens our market position to capitalise on this growth."

President and CEO of Phyworks, Stephen King says, "Phyworks is very pleased to be joining Maxim. As the optical communications markets continue to evolve, technologies from both companies can be combined to create higher performance, lower cost solutions that will enable end users to build next generation optical networks." He also comments, "RBC Capital Markets Corporation acted as financial advisor to Phyworks in connection with the transaction."

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