Acquisition of JGR Optics and OptoTest Corp
Santec enters growing fiber optic cable assembly testing market with acquisition of JGR Optics and OptoTest Corp.
Santec Corporation, a leading manufacturer of advanced optical components, tunable lasers, optical test equipment and OCT systems, today announces the acquisition of JGR Optics Inc. (Headquarters: Ottawa, Canada), and OptoTest Corp. (Headquarters: Camarillo, CA). JGR Optics and OptoTest will become fully owned subsidiaries of Santec Corporation, 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 companies to focus on growing revenues under the Santec umbrella. JGR Optics and OptoTest are recognized leaders in fiber optic test solutions for measuring insertion and return loss of cable assemblies and components.
“We’re excited to enter the fiber 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 fiber optic cable assemblies and components productions" said Mototaka Tei, Chief Executive Officer of Santec Corp. "Santec is a leading supplier of test and measurement systems for Optical Telecom and Datacom and with this acquisition we widen our footprint the growing market for fiber 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.”
Santec Corporation was established in 1979. It is headquartered in Komaki, Aichi, Japan and has subsidiaries in North America (Santec U.S.A. Corporation in NJ), U.K. (SANTEC Europe Ltd. in London) and China (Santec (Shanghai) Co., Ltd.in Shanghai). Santec is listed on the JASDAQ Market (6777) – a section of the Tokyo Stock Exchange. The company employs 203 staff members and serves a global customer base; including the world’s major telecommunications companies, transmission/sub system manufacturers, internationally recognized research centers and universities. Santec’s product lines include a broad range of advanced optical components, tunable lasers, optical test/measurement and OCT systems for telecommunication, life science, sensing and industry applications.