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Wednesday, April 14, 2021

Cisco Completes Acquisition of Acacia Communications

Cisco announced the completion of the acquisition of Acacia Communications Inc. following approval by a majority of Acacia’s shareholders. Acacia designs and manufactures high-speed, optical interconnect technologies that allow webscale companies, service providers and data center operators to meet the fast-growing consumer demand for data.

The acquisition reinforces Cisco’s commitment to optics as a critical building block that will enhance Cisco’s Internet for the Future strategy with world-class coherent optical solutions for customers, further enabling them to address the unprecedented scale of modern IT. Cisco is committed to supporting Acacia’s existing customers around the world as well as new customers that want industry-leading coherent optics, digital signal processing/photonic integrated circuit modules and transceivers for use in networking products and data centers.

Cisco has agreed to acquire Acacia for $115.00 per share in cash, or approximately $4.5 billion on a fully diluted basis, net of cash and marketable securities. As a result of the transaction, Acacia is no longer a publicly-traded company.

Acacia employees join Cisco’s Optics business as part of the Mass-Scale Infrastructure Group.

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