The company will continue operations under the Oclaro name, but revealed a new logo and brand identity. The merger promises to create significant supply chain efficiencies that will make the combined entity a major player in the industry.
"The new Oclaro boasts one of the broadest and vertically-integrated product lines in the industry," said Alain Couder, chairman and CEO, Oclaro. "Our vision is that the power and speed of light will change the way we live and work. By transmitting data over fiber at increasing speeds, our customers have made possible new and fast growing applications such as social networking, video streaming, and cloud computing."
Healthcare and consumer electronics are two of the industries that are benefiting from optics innovations, according to Couder.
Shareholders were urged a week ago to approve the proposed merger between the two companies, which required a quorum to close .
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