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Finisar offers to acquire Ignis

Thu, 03/24/2011 - 9:37pm
I-Micronews

Finisar has also just acquired a total of 18.3 million Ignis shares from certain existing Ignis shareholders, for NOK8 per share (a total of NOK147m, or $26m). This brings Finisar’s total ownership to about 25.7 million shares (32.6% of the outstanding Ignis shares on a fully diluted basis). Listed on the Oslo Stock Exchange, Ignis provides optical components and network solutions for fiber-optic communications. It operates globally through four subsidiaries: Syntune in Sweden, Ignis Photonyx in Denmark, SmartOptics in Norway, and Fi-ra Photonics (71.8% owned) in Korea. The firm’s product and services portfolio comprises passive optical components including optical chips, splitters and multiplexers, active optical components such as tunable lasers and modulators, and WDM-based solutions enabling the building of high-capacity optical networks.

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