STL has agreed to acquire Optotec, a leading optical interconnect products company based in Italy, for €29 million.
Optotec, a privately held company, provides optical interconnect products for telecommunications, FTTH and Cloud networks in Europe.
Optotec, under its patented technology, has an end-to-end portfolio ranging from Outside Plant (OSP) to Central Office (CO) to Customer Premises (CP) that would complement STL’s Opticonn offering of optical fibre and cables for a truly integrated products portfolio.
The acquisition will create a solid springboard to offer a complete bouquet of solutions to customers across Europe, India and the Middle East.
“As the investments by operators in fibre 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,” Anand Agarwal, group CEO of STL, said.