ADVA Optical Networking announced that it has entered into an agreement to acquire MRV Communications, California-based provider of innovative network solutions for data center operators, service providers and enterprises.
The acquisition is expected to further strengthen ADVA Optical Networking's portfolio of optical, Ethernet and software solutions and expand its customer base, especially in non-European regions.
ADVA Optical Networking's acquisition of MRV Communications will, if completed, be the second significant acquisition it has made in as many years. In 2016, the company successfully acquired Overture Networks to strengthen its Carrier Ethernet portfolio and create one of the industry's most successful NFV product suites - Ensemble.
Earlier this year, Ensemble was selected by Verizon to drive its virtual uCPE solution. ADVA Optical Networking's continued success across a range of customer segments led to the posting of record Q1 revenues in April 2017.
Brian Protiva, CEO, ADVA Optical Networking
That's why we signed a definitive agreement to acquire it today. We believe there's a strong synergy between our two companies. MRV Communications, Inc.'s technology and talent will strengthen our own product set and help us to deliver even more value to our customers.
Uli Dopfer, CFO, ADVA Optical Networking
It not only strengthens our cloud access portfolio, but it also opens the door to new customers. There can be no question that this acquisition will present many new business opportunities, especially for communication service providers who are seeking to explore the possibilities of virtualized network services.
