ADVA Optical Networking acquires Oscilloquartz

11 March, 2014

SWATCH GROUP

The Swatch Group Ltd and ADVA Optical Networking SE today announced that ADVA Optical Networking SE has acquired all shares of Oscilloquartz Ltd., based in Neuchâtel, Switzerland. The acquisition is subject to customary closing conditions and is expected to close in early April 2014. Further terms of the acquisition have not been disclosed.

Founded in 1949, Oscilloquartz designs, manufactures and installs the most precise frequency sources and synchronization systems supplied to telecommunication integrators as well as public and private network operators in more than 90 countries. Headquartered in Neuchâtel, Switzerland, the company has approximately 70 employees. The company will be maintained in the region of Neuchâtel.

More details: http://www.swatchgroup.com/en/services/archive/2014/adva_optical_networking_acquires_oscilloquartz


ADVA Optical Networking SE

Strategic Purchase Expands Addressable Market for Syncjack™ Timing Distribution and Assurance

ADVA Optical Networking SE announced today the signing of a definitive agreement to acquire all shares in Oscilloquartz SA from Swatch Group. Oscilloquartz is a leading solutions provider for precise network synchronization founded in 1949 and based in Neuchâtel, Switzerland. The Oscilloquartz product portfolio includes technology for timing sources and timing distribution for legacy and next-generation packet networks. During its long history, Oscilloquartz has developed long-term relationships with hundreds of customers served by more than 80 distributors around the globe. The product portfolio complements ADVA Optical Networking’s Syncjack™ offering and enables the company to deliver a complete end-to-end solution and smooth migration for frequency and time synchronization to network operators, a large number of enterprise verticals and governmental institutions. The acquisition is subject to standard closing conditions and is expected to close in early April 2014.

“Synchronization technology is a critical element to the development of our networks; a critical element to the development of our business,” said Brian Protiva, CEO and co-founder, ADVA Optical Networking. “That's why our acquisition of Oscilloquartz is so important. The technology and intelligence we're buying here completes our synchronization delivery and assurance portfolio, it completes our Syncjack™ solution. With this integration, we'll be able to expand into new markets, address new business opportunities and further grow revenues. This is especially true for our growing business with mobile operators, as well as telecom business services and industries such as utilities and governmental institutions. Today's purchase will be a landmark moment for our company and our team. There are incredible opportunities ahead.”

“Timing is everything in the battle for the best mobile broadband delivery,” said Christoph Glingener, CTO, ADVA Optical Networking. “Delivering more bandwidth to more people and more mobile devices is only possible if the radio access network is accurately synchronized. With the help of Oscilloquartz’ technology, we further strengthen the timing capabilities in our AnyCell™ Connectivity solution for mobile communication networks. The synergistic combining of ADVA Optical Networking and Oscilloquartz will pave the road to LTE-Advanced and next-generation mobile networks and open doors for other industries that require accurate timing delivery and assurance.”

More details: http://www.advaoptical.com/en/newsroom/press-releases-english/20140311-ir.aspx

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Oscilloquartz SA
Avenue des Pâquiers 1 ▪ 2072 Saint-Blaise ▪ Switzerland
Tél: +41 32 722 55 55 ▪ Fax: +41 32 722 55 56