Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications
Message: Belden acquires Precision Optical Technologies for $290M
Belden acquires Precision Optical Technologies for $290M
Just as it reports its first-quarter earnings, Belden has reached a deal to acquire Precision Optical Technologies for about $290 million in cash.
Precision Optical Technologies has established itself as a critical supplier of optical transceivers with proprietary software, firmware configurations, and related components.
The company’s products are core elements in fiber infrastructure deployments, expansions, and network upgrades, benefiting from multiple secular tailwinds. Precision Optical Technologies’ products complement Belden’s existing Enterprise Solutions products and will enhance our solutions offerings in key markets.
Precision Optical Technologies is expected to accrue to Belden’s adjusted earnings per share in the first year after the closing, excluding acquisition-related costs. Belden said it expects to complete the acquisition by the end of the second quarter of 2024 and is subject to certain regulatory approvals and other customary closing conditions.
Ashish Chand, Belden's President and CEO, views Precision’s fiber-based assets as a strategic move to further penetrate the carrier and enterprise markets, instilling confidence in its stakeholders about Belden's future growth.
“As networks are upgraded, and bandwidth demands increase, Precision Optical Technologies’ products will be critical components as fiber deployments accelerate,” he said. “Further, combined with Belden fiber and network products, our solutions teams will now have enhanced passive optical network (PON) components and sit deeper in the fiber network, allowing for additional use cases and opportunities with MSOs, telcos, data centers, and enterprise customers.”
Belden announced the acquisition of Precision as the company reported its first-quarter earnings.
The company reported that revenues for the quarter totaled $536 million, decreasing $106 million, or 17%, compared to $642 million in the year-ago period.
Driven primarily by lower market demand, revenues declined organically by 17%, with Industrial Automation Solutions down 17% and Enterprise Solutions down 18%. Net income was $37 million, compared to $63 million in the year-ago period.
APRIL 3, 2024
Precision OT Participates in OIF 2024 PLL Interop Demonstration at OFC 2024
Rochester, NY —April 3— Precision OT, a global optical system engineering and integration company, announces that it has successfully participated in the OIF PLL Interop Demo hosted during OFC 2024 in San Diego, California. As the largest multi-vendor interoperability demonstration OIF has hosted at the event, 47 OIF members showcased breakthrough solutions in speed, power and density in four key areas: 800ZR and OpenZR+ optics; Energy Efficient Interfaces (EEI); Common Electrical I/O (CEI) channels; and Common Management Interface Specification (CMIS) implementations. In particular, Precision OT contributed OpenZR+ optics to the demonstration and testing.
“It’s always exciting to get together with some of the brightest minds in the optical networking industry,” says Pol Torres Compta, Principal Field Application Engineer at Precision OT. “It’s amazing to see how a commitment to interoperability and software support for third-party pluggables is creating a fully interoperable ecosystem for OpenZR+. We were exceptionally pleased with the results of the demonstration. This will continue to pay off for the world’s cable and telecom operators as well as transport network providers as they drive 400G adoption for a variety of applications.”
Precision OT’s success at the OIF PLL Interop Demo comes against the wider backdrop of network operator interest in embracing the benefits of IPoDWDM and 400Gbps service within their networks for purposes past DCI, including metro, regional and long-haul purposes involving P2P extended reach and multi-hop network architectures. However, leveraging OpenZR+ optics has traditionally brought challenges for network operators used to having different teams for IP and Optical/Transport systems. Adoption of OpenZR+ is now merging these network functionalities and responsibilities from the two teams together, creating a number of challenges around systems integration and network management tools for cable operators, telcos and other network service providers. The work done at the OIF PLL Interop Demo is advancing the OpenZR+ landscape to the next level in terms of interoperability and integration, making it simpler for end-users to navigate the new frontier of 400G.
To learn more about Precision OT, visit the company’s website at www.precisionot.com.
About Precision OT
Precision Optical Technologies, Inc. is a systems integration company focused on end-to-end optical networking solutions, network design services and cutting-edge product development advancements. Backed by our extensive experience and robust R&D efforts, we play an integral role in enabling next-generation optical networks worldwide. For more information, visit www.precisionot.com.
For media inquiries, please contact:
Alicca Hudson
585.500.4780
OIF Interoperability Demo at OFC 2024 Features Nearly 50 Member Companies Addressing Unprecedented Demand for Next-Generation Network Solutions
OIF’s interoperability demonstration at OFC 2024 (booth #1323) will feature 47 member companies showcasing breakthrough solutions in speed, power and density in four key areas: 800ZR, 400ZR and OpenZR+ optics, Energy Efficient Interfaces (EEI), Common Electrical I/O (CEI) channels and Common Management Interface Specification (CMIS) implementations. For more information, visit:https://www.oiforum.com/meetings-events/oif-ofc-2024/
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About Precision OT
Precision OT is a systems integration company focused on end-to-end optical networking solutions, network design services and cutting-edge product development advancements. Backed by our extensive experience and robust R&D efforts, we play an integral role in enabling next-generation optical networks worldwide. For more information, visit www.precisionot.com.
For media inquiries, please contact:
Alicca Hudson
585.500.4780
marketing@precisionot.com
The acquisition will complement its enterprise and service provider solutions.
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