Story image

ADVA Optical Networking acquires MRV Communications

04 Jul 17

MRV Communications, a provider of network solutions for data center operators, enterprises and service providers, will be acquired by Germany-based ADVA Optical Networking.

Founded in 1988, MRV Communications is headquartered in Chatsworth in California, United States, and has over 1000 global customers.

ADVA Optical Networking has agreed to acquire MRV Communications in an agreement that sees ADVA Optical Networking make a tender offer of $10.00 per share for all the outstanding common stock of MRV.

Both MRV Communications and ADVA Optical Networking Board of Directors have recommended and approved the agreement.

The acquisition is subject to customary closing conditions, including the tender of at least a majority of MRV Communications outstanding shares of common stock.

"The network equipment markets that we serve continue to be highly competitive. In this environment, we concluded that the best course of action for MRV's shareholders was to undertake a review of strategic alternatives,” says Mark Bonney, CEO of MRV.

“At the conclusion of this review, we have determined that the agreement we have reached to be acquired by ADVA Optical Networking provides the best alternative for MRV and its shareholders.”

Bonney continues, “We see a very natural fit between ADVA Optical Networking and MRV as both companies have been long-standing suppliers to the Carrier Ethernet and Optical Transport markets.”

“With so much in common technically and culturally but with relatively little overlap among customers, the combined company will be in a stronger position to support the evolving needs of its target markets,"

Since launching their first product in 1995, ADVA Optical Networking technology has been deployed and utilised around the world.

The company has completed a number of acquisitions in the past, including, Storage Area Networks of Cambridge, United Kingdom in April 2000; Oscilloquartz S of Neuchatel, Switzerland in April 2014, and the engineering division from technology incubator mic AG of Meiningen, Germany, in November 2015.

The company is headquartered in Martinsried, a suburb of Munich, Germany. The company has offices in three other locations in Germany, and in multiple locations around the world, including Austria, Hong Kong, India, China, South Africa, Thailand, United Kingdom and Japan.

Huawei unveils new cloud region in South Africa
The announcement makes it the world’s first cloud service provider that operates a local data centre to provide cloud services in Africa.
HPE extends cloud-based AI tool InfoSight to servers
HPE asserts it is a big deal as the system can drive down operating costs, plug disruptive performance gaps, and free up time to allow IT staff to innovate.
'Public cloud is not a panacea' - 91% of IT leaders want hybrid
Nutanix research suggests cloud interoperability and app mobility outrank cost and security for primary hybrid cloud benefits.
Altaro introduces WAN-optimised replication for VMs
"WAN-optimised replication allows businesses to continue working in the case of damage to on-premise servers."
DDN part of data mining mission on Mars
DataDirect Networks (DDN) today announced that it will be playing a role in one of NASA’s most critical missions.
Opinion: Data centre management can learn from the Navy
While a nuclear submarine may seem like a completely different beast from a data centre, the similarities in how they should be managed are striking and many.
14 milestones Workday has achieved in 2018
We look into the key achievements of business software vendor Workday this year
HPE building new supercomputer with €38m price tag
It will be installed at the High Performance Computing Center of the University of Stuttgart and will be the world's fastest for industrial production.