Molex inaugurated a new research and development facility in Bridgewater, New Jersey. A ribbon cutting ceremony was held on August 8th.
Molex said its state-of-the-art facility features eco-friendly clean rooms and extensive capabilities for designing and prototype manufacturing of optical solutions for the rapidly emerging segment of metro and long-haul telecommunications networks.
In 2018, Molex acquired the business of New Jersey-based Nistica, which had a long entrepreneurial history within the New Jersey ecosystem.
“We are thrilled that Nistica’s footprint has more than tripled in the Garden State since the company’s formation. Molex’s commitment to Bridgewater showcases the creativity and talent of our people here in New Jersey and will enable the company to provide optical solutions to customers worldwide,” said Kathleen Coviello, vice president of technologies and life sciences investments, New Jersey Economic Development Authority (NJEDA). “This is a true NJEDA success story and we wish the Molex team all the best as it continues to grow in its newly-expanded facility.”
Molex acquires Nistica for wavelength selective switching (WSS)
Molex has acquired Nistica, a manufacturer of wavelength selective switching (WSS) products. Financial terms were not disclosed.
“With the build-out of 5G wireless networks and the growth in data center traffic, our customers are looking for novel optical solutions at the edge and in the core of optical networks,” added Ashish Vengsarkar, CEO of Nistica. “The acquisition by Molex enables us to scale in capacity and bring a comprehensive portfolio of next-generation products to the market.”