EXFO closes US $11.1M acquisition of Yenista Optics

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By Ted Liu

EXFO Inc. (NASDAQ: EXFO, TSX: EXF), a global leader in network test, monitoring and analytics, has completed its previously announced acquisition of Yenista Optics S.A.S. for US $11.1 million in cash.

Yenista Optics was founded by Michiel van der Keur and Alain Poudoulec in 2003 and backed by Armor Angels.

Lannion, France based Yenista Optics supplies advanced optical test equipment for the R&D and manufacturing markets. Its product portfolio includes benchtop optical spectrum analyzers, tunable lasers, tunable filters and passive optical component test systems for network equipment manufacturers and optical component vendors.

Yenista Optics owns more than 20 patents protecting its proprietary technologies on measurement techniques, optical filters and external cavity lasers.

The company was profitable in 2016, generating revenue of US $5.8 million and growing.

Yenista Optics’ high-end product offering, which increases EXFO’s addressable market by more than $100 million in optical testing, will be integrated into the parent company’s Physical-layer product family.

“EXFO has been the market leader for several years in portable optical testing, according to third-party estimates from Frost & Sullivan,” said Germain Lamonde, EXFO’s Executive Chairman. “Based on our internal numbers, Yenista’s additional revenue raises EXFO to the No. 1 position in the global fiber-optic test equipment market. We intend to leverage Yenista’s technology leadership, EXFO’s global sales presence and strong brand to further increase market share in optical testing, especially in lab and manufacturing use cases for network equipment and component vendors.”