STL – the industry-leading integrator of digital networks recently signed definitive agreements to acquire Italy-based optical interconnect products company, Optotec S.p.A.
Dr. Anand Agarwal, Group CEO, is certain that this acquisition will create a solid springboard for STL to offer a complete bouquet of solutions to customers across Europe, India, and the Middle East.
Optotec is a privately held company that provides a complete range of Optical Interconnect Products for Telecommunication, FTTH, and Cloud Networks in Europe. This Italian company is known to have a strong legacy in the 2Optical Interconnect portfolio of over 20 years and shares long-standing relationships with marquee European telecom operators.
Optotec, under its patented technology, has an end-to-end portfolio ranging from Outside Plant (OSP) to Central Office (CO) to Customer Premises (CP), which STL believes that it complements its Opticonn offering of optical fiber and cables.
The transaction is structured to acquire 100% of Optotec’s shareholding on closing at an enterprise value (EV) of €29Mn (29 Million euros). The deal will be financed by a mix of internal accruals and foreign currency debt instruments. The Closing of the transaction is subjected to customary regulatory approvals.
“As the investments by Operators in fiber network infrastructure accelerate to support next-gen services like 5G, FTTH, and edge cloud, the combination of STL and Optotec will provide our global customers with an enhanced array of innovative products and technologies.
Claudio Mega and his team have developed an impressive product portfolio and established a market-leading position for Optotec. Most importantly, both Optotec and STL have a similar value system and philosophy of technology and innovation, making this acquisition an ideal fitment into STL family,” commented Dr. Anand Agarwal.
“We at Optotec are incredibly excited to work with STL to scale our business and expand our customer base. STL, with its global customer access and extensive industrial scale is the perfect partner for our growth journey,” shared Claudio Mega, Optotec CEO on being acquired by India’s leading telecom infrastructure provider.