Cisco Completes Lightwire Acquisition

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[Techtaffy Newsdesk]

Cisco has completed the acquisition of privately held Lightwire. Headquartered in Allentown, Penn., Lightwire develops advanced optical interconnect technology for high-speed networking applications.

Upon the close of the acquisition, Lightwire employees will be integrated into Cisco’s Transceiver Modules Group Business Unit and Supply Chain Operations Group.  Under the terms of the agreement, Cisco paid approximately $271 million in cash and retention-based incentives in exchange for all shares of Lightwire.

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Cisco To Buy Lightwire For $271 Million