Optical Comm (OCPI) Buys Taiwan-Based GigaComm for $20M
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Optical Communication Products, Inc. (NASDAQ: OCPI) agreed to acquire privately-held GigaComm Corporation, a Taiwan-based supplier of passive optical network fiber-to-the-home components, for about $20 million in cash.
GigaComm is currently the leading supplier of FTTH modules in Japan, which is presently the world's largest FTTH market. GigaComm provides PON components to many of Japan's leading technology companies, including Mitsubishi Electric Company.
Optical Communication said the acquisition increases its projected revenues by about 25%, giving it the scale and geographic diversity it needs to be a stronger global competitor.
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