Infinera, Thursday announced its offer to acquire Stockholm-based Transmode, a listed company in Nasdaq that provides metro packet-optical networking, in a cash-plus-stock deal valued at $350 million. Pod Investment AB, the largest shareholder in Transmode has accepted the offer by Infinera with support of the company's Board of Directors. The acquisition is expected to build the synergy between both entities, with Transmode focusing on metro applications in Europe while Infinera focuses on long-haul and metro cloud, particularly in North America.
Tom Fallon, CEO, Infinera
The acquisition of Transmode accelerates the realization of our long held vision of providing an end-to-end portfolio of world class optical transport products. Further, the combination ensures we are well positioned to be a leading provider in the metro aggregation market as this market transitions to 100G. Transmode’s services-rich metro platforms, broad European customer base and profitable business model are naturally complementary to Infinera. We are also excited to have the Transmode team join Infinera and leverage our shared cultures of customer first, product excellence and profitability.
Karl Thedéen, CEO, Transmode
Drawing on the complementary and synergistic skill sets of Infinera and Transmode, the combined company will be able to compete more effectively, develop differentiated and advanced products, and provide greater value to its most important stakeholders – customers, investors and employees.
