Monday, July 2, 2007

MRV Closes Fiberxon Acquisition

Chatsworth-based MRV Communications said today that its subsidiary, Luminent, has closed its acquisition of Fiberxon, a provider of transceivers for the optical networking market. The deal, which was previously announced in January, was worth approximately $131M in cash and stock. MRV is combining Fiberxon with Luminent into a single company focused on manufacturing of optical transceivers for the telecommunications market. Merrihan Curhan Ford & Co. advised MRV Communications in the deal.

---