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MRV Communications Announces Fiberxon Acquisition

Friday, January 26, 2007 7:30:00 AM PDT | VentureDeal Staff

CHATSWORTH, CA -- MRV Communications (Nasdaq: MRV) announced an agreement to acquire Fiberxon, Inc., a supplier of transceivers for Metro, Access and PON applications, for a total price of $131 million.

MRV is a provider of networking equipment and services, including optical components.  It intends to combine Fiberxon with its Luminent subsidiary, which makes Metro transceivers and for fiber-to-the-premise deployments.

Shareholders of Fiberxon will receive a combination of cash and stock, and the transaction is scheduled to close in the first half of 2007.

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