M&A Deal Summary

Corning Acquires NetOptix

On February 15, 2000, Corning acquired communications company NetOptix for 2.0B USD

Acquisition Highlights
  • This is Corning’s 1st transaction in the Communications sector.
  • This is Corning’s largest (disclosed) transaction.
  • This is Corning’s 1st transaction in the United States.
  • This is Corning’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2000-02-15
Target NetOptix
Sector Communications
Buyer(s) Corning
Deal Type Add-on Acquisition
Deal Value 2.0B USD

Target

NetOptix

Sturbridge, Massachusetts, United States
NetOptix Corp., makes filters that divide light into different wavelengths, a technology known as DWDM, multiplying the amount of data that can be sent through each strand of a fiber-optic cable.

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Buyer(S) 1

Buyer

Corning

Corning, New York, United States
Category Company
Founded 1851
Sector Manufacturing
Employees49,800
Revenue 12.6B USD (2023)
DESCRIPTION

Corning is a manufacturer of specialty glass and ceramics. The Company creates and makes keystone components that enable systems for consumer electronics, mobile emissions control, optical communications, and life sciences. Corning was founded in 1851 and is based in Corning, New York.

DEAL STATS #
Overall 1 of 17
Sector (Communications) 1 of 4
Type (Add-on Acquisition) 1 of 14
State (Massachusetts) 1 of 3
Country (United States) 1 of 13
Year (2000) 1 of 2
Size (of disclosed) 1 of 5
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-05-03 IntelliSense Software

Woburn, Massachusetts, United States

IntelliSense Software Corporation designs and develops solutions for micro electromechanical systems (MEMS) industry.

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