ADVA Buys Oscilloquartz SA
ADVA Optical Networking SE announced today the signing of a definitive agreement to acquire all shares in Oscilloquartz SA from Swatch Group. Oscilloquartz is a leading solutions provider for precise network synchronization founded in 1949 and based in Neuchatel, Switzerland. The Oscilloquartz product portfolio includes technology for timing sources and timing distribution for legacy and next-generation packet networks. During its long history, Oscilloquartz has developed long-term relationships with hundreds of customers served by more than 80 distributors around the globe. The product portfolio complements ADVA Optical Networking's Syncjack(TM) offering and enables the company to deliver a complete end-to-end solution and smooth migration for frequency and time synchronization to network operators, a large number of enterprise verticals and governmental institutions. The acquisition is subject to standard closing conditions and is expected to close in early April 2014.
"Synchronization technology is a critical element to the development of our networks; a critical element to the development of our business," said Brian Protiva, CEO and co-founder, ADVA Optical Networking. "That's why our acquisition of Oscilloquartz is so important. The technology and intelligence we're buying here completes our synchronization delivery and assurance portfolio, it completes our Syncjack(TM) solution. With this integration, we'll be able to expand into new markets, address new business opportunities and further grow revenues. This is especially true for our growing business with mobile operators, as well as telecom business services and industries such as utilities and governmental institutions. Today's purchase will be a landmark moment for our company and our team. There are incredible opportunities ahead."
ADVA Optical Networking (Frankfurt: ADV)