Wednesday, August 23, 2017

CALIENT Acquired By Chunxing

Santa Barbara-based CALIENT, the developer of optical MEMs switching technology, has been acquired by Chinese company Suzhou Chunxing Precision Mechanical Co., Ltd., the two said this morning. Financial terms of the acquisition were not announced. According to the two, Chunxing buys a controlling stake in the company, and will also provide manufacturing services to CALIENT as part of the acquisition. CALIENT said it will remain in Goleta. CALIENT manufactures 3D, microelectromechanical systems (MEMS) technology used in optical switching, particularly in the data center market.