JDS Uniphase acquires commercial laser provider Lightwave Electronics

March 22, 2005 – JDS Uniphase Corp. has announced a definitive agreement to acquire Lightwave Electronics Corp., a provider of solid-state lasers for commercial markets – including materials processing, semiconductor fabrication, and biotech – as part of its strategy to expand its product line of solid-state lasers and broaden its customer base in growing laser markets.

Under the terms of the agreement, JDS Uniphase will acquire Lightwave in an all cash transaction for $65 million. Founded in 1984, Lightwave is privately held with about 120 employees and is headquartered in Mountain View, CA The acquisition, subject to customary closing conditions, is expected to be completed in the 2Q05.

“This acquisition reinforces our commitment to the OEM laser business and is in line with our strategy to invest in profitable, growing markets,” said Hoss Christensen, VP of JDS Uniphase’s Lasers, Optics and Display Product Group.


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