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II-VI buys Integrated Photonics, developer of optical isolators for $45 million

Created June 27, 2017

• Acquisition is valued at approximately $45.0M in cash – with a $2.5M earn out
• Business to become a division of II-VI Photonics segment
• II-VI’s guidance for the quarter is unchanged

II‐VI Inc., a developer of engineered materials and optoelectronic components, has announced the acquisition of Integrated Photonics, Inc., headquartered in Hillsborough, NJ, in a cash transaction valued at approximately $45.0 million at closing and with a $2.5 million earn out.

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