Juniper Networks to acquire Aurrion for $165 million
Monday, August 8, 2016 at 9:26AM The announcement of the acquisition was low key. A CTO blog post and a statement that Juniper Networks had entered into an agreement to acquire Aurrion, the fabless silicon photonics start-up. No fee was mentioned.
However, in the company's US Securities and Exchange Commission filing, Juniper values the deal at approximately $165 million. "The Company believes the acquisition will help to fuel its long-term competitive advantage by enabling cost-effective, high-density, high-speed optical networks," it said. The deal is expected to be closed this quarter.
At first glance, Juniper is simply the latest in a series of systems vendors bringing silicon photonics in-house. Silicon photonics is a technology that allows photonic devices to be made on a silicon substrate, fabricated in a CMOS facility.
