Santec eyes cable assembly test market with double acquisition
Santec Corporation has acquired JGR Optics and OptoTest Corp.
Both companies will become fully owned subsidiaries of Santec, while continuing to operate under their existing brands.
Under the terms of the acquisitions the leadership at both JGR and OptoTest have committed to stay with their respective businesses in order to focus on growing revenues under the Santec umbrella. JGR Optics and OptoTest are providers of fibre optic test solutions for measuring insertion and return loss of cable assemblies and components, allowing an entry point into this market for Santec.
Mototaka Tei, chief executive officer of Santec Corp said: ‘We’re excited to enter the fibre testing market with the acquisitions of JGR Optics and OptoTest. Both companies have a proven track record of delivering high performance return loss, insertion loss and polarity measurement systems as well as optical switches to fibre optic cable assemblies and components productions. With this acquisition we widen our footprint in the growing market for fibre optics production equipment. JGR and OptoTest both have complementary technology to Santec. The acquisitions will not only allow us to operate in adjacent markets, but will enable us to expand our product offering by integrating their technology into Santec's products and solutions.’
A statement to customers on behalf of the leadership team at OptoTest said: ‘We are excited to announce that OptoTest has been acquired by Santec Corporation, a Japanese company with 42-years of experience in micro-optics, advanced optical devices, tunable lasers, and optical test & measurement. OptoTest will become a fully owned subsidiary of Santec Corporation and will continue to operate under its existing brand for the foreseeable future.
Collectively, Santec and OptoTest complement each other with a diversified range of expertise to provide reliable and accurate products while maintaining exceptional customer support.’