Infinera Completes Acquisition of Metro Optical Networking Leader Transmode

21 August, 2015—Optical transport networking company Infinera (Sunnyvale, Calif., USA) completed the acquisition of metro packet optical network firm Transmode (Stockholm, Sweden) yesterday. Approximately 95.8 percent of the shares and votes representing Transmode, a public company listed on the Stockholm NASDAQ, accepted the acquisition offer last week, with 63 percent tendering shares for a mix of cash and stock with 37 percent going for all cash. The end result will be that 7.9 million shares of stock in Infinera will be owned by previous Transmode shareholders.
 
The take-over enables Infinera to add Transmode’s metro packet optical technology to its mix of long-haul and metro-cloud solutions as networks transition to 100 Gb/s data speeds. Infinera’s digital optical networks incorporate photonic integrated circuits.
 
Infinera co-founder and president, Dave Welch, said the acquisition of Transmode brings together two industry innovators to enable Infinera to offer “an end-to-end product portfolio to address the US$15.3 billion global optical networking market, including long haul, Cloud and metro.”