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NeoPhotonics Completes Acquisition of EMCORE’s Narrow Linewidth Tunable Laser Product Line

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SAN JOSE, Calif.--(BUSINESS WIRE)--NeoPhotonics Corporation (NYSE:NPTN), today announced that it has completed the acquisition of the tunable laser product lines of EMCORE Corporation (NASDAQ: EMKR) for approximately $17.5 million. Consideration for the transaction consists of $1.5 million in cash and a promissory note of approximately $16.0 million, which is subject to certain adjustments for inventory, net accounts receivable and pre-closing revenues, and will mature in two years. The note is

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