ADVA Optical Networking Acquires Oscilloquartz SA from Swatch Group
ADVA Optical Networking SE /
ADVA Optical Networking Acquires Oscilloquartz SA from Swatch Group
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Strategic Purchase Expands Addressable Market for Syncjack(TM) Timing
Distribution and Assurance
Martinsried/Munich, Germany. March 11, 2014. 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."
"Timing is everything in the battle for the best mobile broadband delivery,"
said Christoph Glingener, CTO, ADVA Optical Networking. "Delivering more
bandwidth to more people and more mobile devices is only possible if the radio
access network is accurately synchronized. With the help of Oscilloquartz'
technology, we further strengthen the timing capabilities in our AnyCell(TM)
Connectivity solution for mobile communication networks. The synergistic
combining of ADVA Optical Networking and Oscilloquartz will pave the road to
LTE-Advanced and next-generation mobile networks and open doors for other
industries that require accurate timing delivery and assurance."
Watch ADVA Optical Networking's new video on AnyCell(TM) Connectivity to learn
more: http://adva.li/anycellvideo.
# # #
About ADVA Optical Networking
At ADVA Optical Networking we're creating new opportunities for tomorrow's
networks, a new vision for a connected world. Our intelligent telecommunications
hardware, software and services have been deployed by several hundred service
providers and thousands of enterprises. Over the past twenty years, our
innovative connectivity solutions have helped to drive our customers' networks
forward, helped to drive their businesses to new levels of success. We forge
close working relationships with all our customers. As your trusted partner we
ensure that we're always ready to exceed your networking expectations. For more
information on our products and our team, please visit us at:
www.advaoptical.com.
Published By:
ADVA Optical Networking SE, Martinsried/Munich and Meiningen, Germany
www.advaoptical.com
For Press:
Gareth Spence
t +44 1904 699 358
public-relations(at)advaoptical.com
For Investors:
Karin Tovar
t +1 201 940 7212
investor-relations(at)advaoptical.com
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Source: ADVA Optical Networking SE via GlobeNewswire
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