31 October 2014 by Bill Boyle - DatacenterDynamics
Huber+Suhner today acquired the Mainz-based German company Cube Optics AG. Cube Optics develops, produces and sells wavelength-division multiplexing (WDM) products and systems based on high-precision injection moulding and state-of-the-art fiber optic technology.
This addition complements the existing product range of Huber+Suhner, especially in the strategic market segments of data centres and fiber to the home. The cost of the acquisition was not disclosed. The purchase is to be financed entirely from company funds.
Established in 2000, Cube Optics currently employs approximately 140 people in Mainz. In addition to its headquarters and research center in Mainz, Cube Optics has at its disposal local sales partners in various markets. The company generated net sales of €18.9m in 2013.
Urs Kaufmann, CEO of Huber+Suhner, said: “Our company will gain access to "Free Space Optics" technology; to new customers in the growing field of transceiver production and above all acquire extremely well qualified employees. We anticipate a simple integration process characterized by continuity and will continue to rely on the current management team of Cube Optics and on Mainz as a location."
Dr. Thomas Paatzsch, the General Manager of Cube Optics said: "The global presence and size of Huber+Suhner open up completely new possibilities for us, while offering ideal framework conditions for the future success of our technology.
He continued: "I am convinced that Cube Optics and HUBER+SUHNER are perfectly suited in strategic terms, and that the combination will make a crucial contribution to both companies. In addition, I am very confident that the sustainable corporate culture and growth strategy of HUBER+SUHNER will also provide new prospects for our employees."