NeoPhotonics Agrees to Sell to Lumentum for $918 Million

Palo Alto – November 8, 2021 – Cooley advised NeoPhotonics, a developer and manufacturer of optoelectronic solutions, on its agreement to sell to Lumentum for $918 million. Lawyers Steve Tonsfeldt, Ian Nussbaum, John Sellers and Rishab Kumar led the Cooley team advising NeoPhotonics.

The acquisition of NeoPhotonics expands Lumentum’s opportunity in some of the fastest-growing areas of the more than $10 billion market for optical components used in cloud and telecom network infrastructure. The integrated company will be better positioned to serve the needs of a global customer base that’s increasingly utilizing photonics to accelerate the shift to digital and virtual approaches to work and life, the proliferation of the Internet of Things, 5G and next-generation mobile networks, and the transition to advanced cloud computing architectures. The combination creates a stronger partner for customers, and it gives the company the ability to invest strongly in innovation and manufacturing capacity.

“Today’s announcement is an exciting milestone for NeoPhotonics,” Tim Jenks, president, CEO and chairman of NeoPhotonics, said in a news release. “The increasing global demand for our ultra-pure light tunable lasers and photonics technologies for speed over distance applications is more apparent than ever, and Lumentum is the ideal partner to serve our customers on a larger scale.”

Headquartered in San Jose, California, NeoPhotonics develops and manufactures lasers that transmit, receive and switch high-speed digital optical signals for cloud and hyper-scale data center internet content providers and telecom networks. The company’s products enable cost-effective, high-speed over distance data transmission and efficient allocation of bandwidth in optical networks.

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Related Contacts
Steve Tonsfeldt Partner Palo Alto
Ian A. Nussbaum Partner New York
John Sellers Partner Palo Alto
Rishab Kumar Partner Palo Alto
Daniel Han Associate New York
Danielle Crinnion Associate Boston
Maricel Mojares-Moore Special Counsel San Francisco
David Burns Associate Washington, DC
Howard Morse Partner Washington, DC
Sai Yarramalla Associate Palo Alto
Nicollette R. Moser Associate Washington, DC
Bradley Birchfield Associate San Diego
Thomas Connors Partner Boston
Shannon MacMichael Special Counsel Washington, DC
Jeff Goldman Special Counsel Palo Alto
Matthew D. Silverman Special Counsel San Diego
Dani Nazemian Associate San Diego
Kevin King Partner Washington, DC
Stella Sarma Special Counsel Brussels, London
Jess Hutto-Schultz Associate Washington, DC
Penelope Hale Associate London
Lisa Manrique Associate Chicago
Jane Jeong Associate New York
Joshua Bruce Deal Associate Palo Alto
Carly Mitchell Associate Washington, DC
Danyang Li Legal Consultant Shanghai
Barbara Mirza Partner Los Angeles, Palo Alto
Lei Cao Legal Consultant Shanghai