Ekinops agreed to acquire an OTN switching platform developed by Padtec, an optical communications system manufacturer based in Brazil, for €10 million in cash. The deal brings an experienced R&D team comprised of 25 engineers based in Campinas, near Sao Paulo (Brazil). Brazilian operations will be overseen by Jean-Luc Pamart, co-founder of Ekinops and VP of R&D for optical transport.
With this acquisition, Ekinops expects to be able to offer a complete OTN/DWDM solution for optical networks from early 2020, enabling flexible data traffic and support for the evolution of data speeds and protocols transmitted over 200-400G modulated optical wavelengths, eventually reaching 1 Tbps.
Ekinops plans to carry out a capital increase by private placement over the coming weeks, for an amount capped at 10% of the capital stock.
Padtec CEO Manuel Andrade said:
“The acquisition of the OTN-Switch Platform by a globally recognized company such as Ekinops is a validation of the capability of Padtec’s engineers to develop state-of-the-art technologies deployable worldwide. Additionally, we are happy to enter into commercial agreements with Ekinops that will enable Padtec to offer the OTN-Switch on an OEM basis to our customer base in Latin America. This is a clear win-win agreement for both companies.”
Didier Brédy, Chairman & CEO of Ekinops, made the following comments:
“The OTN technology developed by Padtec is particularly innovative and will enable Ekinops to take a major technological and commercial leap forward in order to advance its position with leading telecom operators. The agreements with Padtec, the leading Latin American manufacturer and supplier of optical networking equipment, will also allow Padtec to source the OTN products it needs from Ekinops. This major strategic acquisition means that Ekinops can target to triple its sales of optical transport products within 5 years.”
