Ciena to Acquire Nubis Communications for $270 Million to Boost AI-Focused Data Center Solutions
Reuters
Sep 22
Ciena to Acquire Nubis Communications for $270 Million to Boost AI-Focused Data Center Solutions
Ciena Corporation has announced its agreement to acquire Nubis Communications, a privately-held company based in New Providence, New Jersey. The acquisition, valued at $270 million in an all-cash transaction, aims to enhance Ciena's data center strategy by adding Nubis' high-performance, low-power optical and electrical interconnect technologies, which are designed to support AI workloads. This move will expand Ciena's portfolio and add over 50 engineers with deep technical expertise to its team. Ciena's Chief Strategy Officer, David Rothenstein, highlighted that the acquisition marks a significant advance in addressing the growing demand for scalable connectivity driven by AI-related traffic. The transaction is expected to close during Ciena's fiscal fourth quarter of 2025, pending customary closing conditions.
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