M/A-COM has entered into a definitive agreement to acquire BinOptics Corporation for a value of $230 million. BinOptics is a supplier of semiconductor lasers.
John Croteau, President and Chief Executive Officer M/A-COM said “This acquisition further extends MACOM's preeminent position in what we expect will be a strong secular growth driver for many years to come. We believe BinOptics' wafer-scale model for Indium Phosphide lasers will play perfectly to our strength in compound semiconductor manufacturing, allowing us to quickly address what is currently a supply-constrained part of the optical component industry. BinOptics’ business model is consistent with our gross margin and operating margin aspirations, and we expect the transaction to be accretive to non-GAAP gross margin and EPS within the first full quarter of combined operations."
“Furthermore, this acquisition underscores MACOM’s strategy to expand our market and growth opportunities through M&A. We have a successful track record of integrating acquisitions, both large and small, to expand our addressable market, while also achieving cost synergies for improved profitability and margin expansion.”
BinOptics shipped over 60 millions of lasers. BinOptics uses its proprietary Etched Facet Technology to manufacture high reliable, high-volume, and low-cost lasers.