IPG acquires Brazilian company for $20M
Photo | Grant Welker
The Oxford headquarters of IPG Photonics.
Global laser-making giant IPG Photonics has purchased the submarine division of a Brazilian manufacturer for nearly $20 million.
Optical communications system manufacturer Padtec announced the sale Friday.
The acquisition will allow IPG to advance the market for submarine networking systems, said Ekaterina Golovchenko, the company’s vice president of telecommunication systems, in a statement.
“Combining Padtec’s leading-edge submarine network technologies with IPG’s high-power optical amplifier, Raman pumping, and WDM systems technologies will enable us to effectively compete for a growing number of undersea cable network deployments around the world,” Golovchenko said.
Along with the amplifier, the transaction includes the structure for submerged plant deployment, operation and maintenance services, according to Padtec.
IPG has not made an announcement of the acquisition and a spokesperson could not be immediately reached for comment.
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