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 transformation of work and life, which is driving relentless growth in the needed volumes and performance of cloud and network infrastructure. I welcome our new colleagues to the Lumentum team and want to thank NeoPhotonics' CEO Tim Jenks and the rest of NeoPhotonics' leadership team for their contributions in getting us to this important milestone."

Under the terms of the merger agreement, NeoPhotonics stockholders will receive $16.00 in cash for each share of NeoPhotonics common stock in accordance with the terms of the merger agreement.

As previously announced, Lumentum anticipates achieving more than an estimated $50 million in annual run-rate synergies within 24 months of the closing of the transaction. Lumentum financed the transaction consideration with cash from the combined companies' balance sheets.

Due to the timing of the closing of the NeoPhotonics acquisition, there is no impact to Lumentum's fiscal fourth quarter 2022. During its fiscal fourth quarter and fiscal year 2022 earnings conference call, which is scheduled for Tuesday, August 16, 2022 at 5:30 a.m. PT / 8:30 a.m. ET, Lumentum will provide an update on the NeoPhotonics transaction. More information on this call can be found in the Investors section on Lumentum's website at http://investor.lumentum.com.

2022 Infrared Sensing Application Market and Branding Strategies
Release: 01 January 2022
Format: PDF
Language: Traditional Chinese / English
Page: 164

If you would like to know more details , please contact:

Global Contact:		ShenZhen:
Grace Li E-mail : Graceli@trendforce.com Tel : +886-2-8978-6488 ext.916		Perry Wang E-mail : Perrywang@trendforce.cn Tel : +86-755-82838931 ext.6800

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<

Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.

Lumentum Announces Completion of NeoPhotonics Acquisition

Global Contact:

ShenZhen: