ADVA Optical Networking acquires Oscilloquartz
11 March, 2014
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 SEStrategic 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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