MANHASSET, N.Y. Japan-based Omron Corp. has reached a preliminary agreement with NHK Spring Co. Ltd. to acquire NHK Spring's FTTH optical coupler business.
Terms of the deal, which is expected to close Nov. 1, were not immediately known. In fiscal 2005, NHK Spring has total sales of 1.3 billion yen.
NHK Spring's optical coupler business includes the component micro-fabrication technologies and film deposition technologies required to produce high-performance quartz optical waveguides, as well as the
development, manufacture, and sale of optical coupler modules that incorporate these optical waveguides.
The fiber-to-the-home market is expanding rapidly in Japan and the U.S., and future growth is expected to extend into Europe and Asia. Omron intends to combine NHK Spring's quartz optical waveguide technology with its own stacked polymer optical waveguide technology to create high-performance, cost-competitive products that will reinforce its product lineup and expand its business in the FTTH optical coupler market.
This agreement is also expected to help stimulate sales of Omron's optical switches and CWDM Mux/Demux Modules. The company forecasts its optical communications component business achieving total sales of 2 billion yen in fiscal 2006.