Lumentum Announces Completion of NeoPhotonics Acquisition

SAN JOSE, Calif., Aug. 3, 2022 /PRNewswire/ -- Lumentum Holdings Inc. (NASDAQ: LITE) ("Lumentum"), today announced that it has completed its previously announced acquisition of NeoPhotonics Corporation ("NeoPhotonics").   "I am excited to unite NeoPhotonics' differentiated products and technology and talented team with those of Lumentum," said Alan Lowe, Lumentum President and CEO. "This acquisition better positions us for attractive growth opportunities created by the digital tra...
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Lumentum To Acquire NeoPhotonics to Accelerate Optical Network Speed And Scalability

- Combination accelerates Lumentum's penetration of the fast-growing opportunity for high-speed optical components for cloud and telecom network infrastructure and creates a better partner for customers globally - Expected to be immediately accretive to non-GAAP earnings per share and deliver more than $50 million in annual run-rate cost synergies within 24 months of transaction close - Companies to host investor call today at 5:30 a.m. PT to discuss the transaction - Separately, Lumentum and NeoPhotonics announce quarterly financial results   SAN JOSE, C...
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