U.S. networking giant Cisco Systems, Inc. announced on Monday the completion of the acquisition of Acacia Communications, Inc. following approval by a majority of Acacia’s shareholders.
The acquisition reinforces Cisco’s commitment to optics as a critical building block that will enhance Cisco’s “Internet for the Future” strategy with world-class coherent optical solutions for customers, further enabling them to address the unprecedented scale of modern IT, the announcement said.
Acacia designs and manufactures high-speed, optical interconnect technologies that allow webscale companies, service providers and data center operators to meet the fast-growing consumer demand for data.
Cisco is committed to supporting Acacia’s existing customers around the world as well as new customers that want industry-leading coherent optics, digital signal processing/photonic integrated circuit modules and transceivers for use in networking products and data centers, according to the announcement.
“We are thrilled to welcome the Acacia team to Cisco,” said Chuck Robbins, Cisco chairman and CEO. “Our Internet for the Future strategy puts Acacia’s high-speed coherent optics technologies front and center as we work to empower webscale companies, service providers and data center operators to meet today’s fast-growing demands for data.”
Cisco has agreed to acquire Acacia for 115.00 U.S. dollars per share in cash, or approximately 4.5 billion dollars on a fully diluted basis, net of cash and marketable securities.
As a result of the transaction, Acacia is no longer a publicly-traded company.