M/A-COM Technology Solutions Holdings Inc. (MACOM), a leading supplier of high-performance analog RF, microwave, millimeter wave and photonic semiconductor products, announced that it has successfully completed its previously announced acquisition of FiBest Ltd. (FiBest), a Japan-based merchant market component supplier of optical sub assemblies, in an all-cash transaction valued at approximately $60 million.
John Croteau, president and chief executive officer of MACOM stated, "With the close on our acquisition of FiBest, we believe we are now better positioned to enhance the strategic value we deliver to customers by providing all of the technology, products and packaging to further extend MACOM's preeminent position as a leading supplier of optical networking components. This transaction also significantly expands our addressable market in data centers for 100G data rates and beyond, while further unlocking a robust sales channel for MACOM in an estimated
MACOM funded the purchase price of the FiBest acquisition with cash on hand. Learn more at www.macom.com.