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HUBER+SUHNER acquires Polatis

juin 9th, 2016 | | Tags:

Polatis acquisition_H+S news


HUBER+SUHNER acquires Polatis and further strengthens its position as the leading innovator in fiber optics.

On 30 May 2016 HUBER+SUHNER signed the contracts to take over Polatis, a group headquartered in Bedford, MA (USA) and Cambridge, UK with USD 13 million sales and 110 employees. Polatis develops, produces and sells all-optical network switches. This innovative technology enables improved capacity utilisation in data centers and advanced data management in large telecommunication networks. Both applications are strategic growth areas of HUBER+SUHNER. The closing of the acquisition is expected in June. The parties agreed not to disclose the financial terms. The purchase will be financed entirely from company funds.