Optical Communication Products agreed to acquire privately-held GigaComm Corporation, a Taiwan-based supplier of passive optical network (PON) fiber-to-the-home (FTTH) components, in an all cash transaction. OCP will pay approximately $20 million for GigaComm.
GigaComm provides PON components to many of Japan's leading technology companies, including Mitsubishi Electric Company. The company claims the majority of the country's market share for Gigabit Ethernet Passive Optical Network (GEPON) modules.
Optical Communication Products, which is based in Woodland Hills, California, specializes in optical subsystems and modules for metropolitan area, local area and storage area networks. OCP's subsystems and modules include optical transmitters, receivers, transceivers and transponders. Furukawa Electric Co. Ltd., based in Tokyo, beneficially owns 58% of OCP's outstanding capital stock as of June 30, 2006. OCP currently has approximately 370 employees. http://www.ocp-inc.com
- GigaComm was founded in 2000, has its headquarters and manufacturing facilities in the Hsinchu Science-Based Industrial Park in Taiwan, ROC, and has approximately 300 employees.
