Lumentum To Acquire Cloud Light To Accelerate Data Center Speed And Scalability
Acquiring Company
Lumentum
Acquired Company
Cloud Light Technology Limited
San Jose
New TerritoriesManufacturingTelecommunicationsManufacturingDescription
Lumentum Holdings Inc. (NASDAQ: LITE) (“Lumentum”) and Cloud Light Technology Limited (“Cloud Light”) today announced that they have entered into a definitive agreement under which Lumentum will acquire Cloud Light with a transaction value of approximately $750 million, subject to certain adjustments. At the time of closing, transaction consideration will be paid in cash and the assumption and substitution of outstanding unvested Cloud Light options. The transaction has been unanimously approved by the Boards of Directors of both companies and by Cloud Light’s shareholders.
Quick answer
Lumentum is acquiring Cloud Light Technology Limited, announced October 30, 2023. Lumentum is based in San Jose, California, United States.
- How much did Lumentum pay for Cloud Light Technology Limited?
- The deal value was not disclosed.
- What does Lumentum do?
- Lumentum is a market-leading designer and manufacturer of innovative optical and photonic products.
- Where are Lumentum and Cloud Light Technology Limited based?
- Lumentum is based in San Jose, California, United States. Cloud Light Technology Limited is based in New Territories, China.
- Who are the decision-makers at Lumentum?
- Fundz holds 1 contact at Lumentum. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Cloud Light Technology Limited?
Cloud Light Technology Limited was acquired by Lumentum, based in San Jose. The deal was reported on October 30, 2023. Lumentum is a market-leading designer and manufacturer of innovative optical and photonic products. Lumentum is publicly traded (LITE) and operates in Manufacturing.
When did Lumentum acquire Cloud Light Technology Limited?
Lumentum's acquisition of Cloud Light Technology Limited was reported on October 30, 2023. Lumentum Holdings Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Cloud Light Technology Limited do?
Cloud Light Technology Limited designs, markets, and manufactures advanced optical modules for automotive sensors and data center interconnect applications. It is privately held, operating in Manufacturing, and is based in New Territories.
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