Lumentum completed the acquisition of Cloud Light Technology for $750m.

Lumentum, a designer and manufacturer of innovative optical and photonic products, completed the acquisition of Cloud Light Technology, a designer and manufacturer of advanced optical modules and optical sensors, for $750m. “I am excited to add Cloud Light’s high-speed optical transceiver products, differentiated technology, and talented team to Lumentum. Cloud operators have embraced this transaction, recognizing the enhanced customer value proposition it brings through leading-edge technology, a broader product portfolio, and strengthened supply chain security, all at a time when Artificial Intelligence is driving data center compute capacity to its limits,” Alan Lowe, Lumentum President and CEO.