Accelink Technologies Co., Ltd. has announced that it received approval November 29 from the China Securities Regulatory Commission’s Committee for the Merger, Acquisition and Restructuring of Listed Companies for a merger with Wuhan Telecommunication Devices Co., Ltd. (WTD). The transaction should land the combined company in the global Top 10 optical component vendors in terms of market share, says an Accelink source.
The two companies have been among Chinese leading optical components companies for some time. WTD’s work in components and optical transceivers and transponders, including 40-Gbps transponders, should complement Accelink’s line of optical components, modules, and subsystems. Accelink expects the combined resources will enable it to stay ahead of domestic competition in terms of R&D and production capabilities.
“As the company’s major asset restructuring received approval from CSRC, the related tasks will commence successively,” Accelink said in a press release. “Accelink will take this opportunity to increase its capability for vertical reintegration in the optoelectronic industry, focus on developing growth-oriented products that can meet the market demands of the next generation, drive innovation in the entire industry chain, and strive to become an innovative and internationalized industry leader with sustainable competitive advantages.”
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