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Ignis acquired by Finisar

Tue, 08/16/2011 - 2:20am
ECN Europe

Ignis, the Norwegian provider of optical components and network solutions for fiber optic communications, has been acquired by Finisar.

As a result of its previously-announced recommended voluntary public offer and subsequent mandatory public offer to acquire all outstanding Ignis shares at a cash NOK 8 per share, Finisar acquired approximately 97.25% of the outstanding Ignis shares and subsequently acquired the remaining shares through the compulsory transfer provisions of Norwegian law. Ignis is applying to the Oslo Stock Exchange for the delisting of its shares. The Exchange has suspended trading in the Ignis shares pending delisting.

Ignis’s product and services portfolio comprises passive optical components including optical chips, splitters and multiplexers, active optical components such as tunable lasers and modulators, and WDM-based solutions enabling the building of simple and cost effective high-capacity optical networks.

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