LONDON – Mellanox Technologies Ltd., a supplier of interconnect solutions for servers and storage systems, is set to buy privately held IPtronics A/S, a designer of optical interconnect components for $47.5 million in cash, subject to certain adjustments.
The deal has been unanimously approved by both companies and is expected to close in the second half of 2013, subject to certain closing conditions.
Mellanox (Sunnyvale, Calif.) said the deal is complimentary to the previously announced plan to acquire Kotura Inc. for about $82 million and would provide the company with analog transceiver technology to complete end-to-end 100-Gbit per second optical communications.
IPtronics (Roskilde, Denmark) offers multichannel vertical cavity surface-emitting laser (VCSEL) drivers, modulator drivers (MD) and transimpedance amplifiers (TIA) with lower power consumption, richer feature sets and lower costs compared to other solutions, said Mellanox.Iptronics' transmitters and receivers are already embedded in Mellanox's solutions allowing data center customers to operate in Web 2.0, cloud, data center, database, financial services and storage environments.
Mellanox expects to establish its first R&D center in Europe at Iptronics' current location in Roskilde, Denmark, and further expand its customer support presence within Europe.
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