M&A Deal Summary

MRV Communications Acquires Fiberxon

On January 26, 2007, MRV Communications acquired communications company Fiberxon from Sumitomo Equity Asia for 131M USD

Acquisition Highlights
  • This is MRV Communications’ 1st transaction in the Communications sector.
  • This is MRV Communications’ largest (disclosed) transaction.
  • This is MRV Communications’ 2nd transaction in the United States.
  • This is MRV Communications’ 2nd transaction in California.

M&A Deal Summary
Date 2007-01-26
Target Fiberxon
Sector Communications
Buyer(s) MRV Communications
Sellers(s) Sumitomo Equity Asia
Deal Type Add-on Acquisition
Deal Value 131M USD

Target

Fiberxon

Santa Clara, California, United States
Fiberxon Inc. is focused on the design, manufacturing, and marketing of best-in-class and cost-effective optoelectronic interface modules and solutions for communication systems and networks. Founded in 2000, Fiberxon has its headquarters in Santa Clara, California, and subsidiaries and offices in Tokyo, Beijing, Shanghai, Shenzhen and Chengdu and Macao. Supported by leading venture capital and world-class strategic partners, Fiberxon meets the demands of its customers worldwide with products and services derived from its innovation in technology, product development, and manufacturing processes, as well as its complete quality and reliability assurance systems.

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Buyer(S) 1

Buyer

MRV Communications

Chatsworth, California, United States
Category Company
Founded 1988
Sector Technology Hardware
Employees268
Revenue 80M USD (2016)
DESCRIPTION

MRV Communications, Inc. is a provider of packet and optical solutions that power the world’s largest networks. MRV products combine innovative hardware with intelligent software to make networks smarter, faster and more efficient.

DEAL STATS #
Overall 6 of 6
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 6 of 6
State (California) 2 of 2
Country (United States) 2 of 2
Year (2007) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-12-31 AstroTerra

San Diego, California, United States

AstroTerra Corp. is a manufacturer of free-space optical wireless products and services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-26 Source Photonics

Chatsworth, California, United States

Source Photonics is a provider of optical communication products used in telecommunication systems and data communication networks. Source Photonics designs, manufactures, and sells a broad portfolio of optical communication products, including passive optical network, or PON, subsystems, optical transceivers used in the enterprise, access, and metropolitan segments of the market, as well as other optical components, modules and subsystems. Source Photonics, was founded in 2001 and is based in West Hills, Califrornia.

Sell $146M

Seller(S) 1

SELLER

Sumitomo Equity Asia

Shanghai, China

Investor Investor Investor Investor Investor

Category Corporate Investor
Founded 2002
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Sumitomo Corporation Equity Asia Limited (SCEA) is the Asian private equity arm of Japanese conglomerate Sumitomo. SCEA generally targets fast growing, small to mid-market companies from early to expansion stage. The Firm will also co-invest alongside other investors in larger buyout situations. SCEA will consider investing in high-tech sectors as well more traditional industries. Sectors of interest include wireless, semiconductors, internet services, IT, clean technology, manufacturing, automotive, distribution, logistics, and financial services. SCEA will not invest in privatization opportunities, biotech, capital intensive businesses, infrastructure, or real estate. SCEA was formed in 2002 and is based in Hong Kong.

DEAL STATS #
Overall 7 of 12
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 3 of 5
State (California) 1 of 2
Country (United States) 1 of 2
Year (2007) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-20 CDP Group

Shanghai, China

CDP Group is an integrative platform that is transforming how organizations manage human capital. CDP cloud-native offerings provide customized and effective SaaS enabled solutions to over 3,600 enterprise customers and their employees, addressing their payroll and tax, health and insurance, benefits, and workforce management needs. CDP Group was established in 2004 and is based in Shanghai, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-04 CGEN Digital Media Network

Shanghai, China

CGEN Digital Media Network Co. Ltd. a Shanghai based leading In-store TV media network operator for quality retail chains in China.

Sell $182M
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