Padtec, one of the world’s leader in optical communications systems, announced that it has agreed to sell its submarine optical systems division to IPG Photonics Corporate, an US based multinational leader in high power lasers and amplifiers. The transaction in the amount of R$75,000,000.00 is expected to close shortly subject to usual conditions and is part of Padtec’s strategy to focus on the high-capacity optical transport market for terrestrial networks. The resources resulting from the sale will be directed, primarily, to research and development and to the expansion of the company in the global market. Padtec’s advisors were IGC Partners and BRGC Advogados.
For Manuel Andrade, Padtec’s CEO, the acquisition of the subsea systems division by a company of the significance of IPG is an important recognition of the ability of Padtec’s engineers to develop and deploy state-of-the-art technologies. “We are very happy to know that a globally recognized company, such as IPG, validates, with this transaction, the value generated by Padtec. We are also happy to know that IPG will continue the development efforts of Padtec”, says Manuel.
“In recent years, we have seen Padtec’s customer base grow exponentially in Brazil and Latin America and this has boosted the company’s business. Moving forward, the focus of the company will be to direct these additional resources to continue to offer advanced and robust products and services, making Padtec increasingly competitive”, says Argemiro Sousa, Padtec’s EVP Sales. Padtec plans to have increased focus on the development of state-of-the-art technology with high local content for terrestrial network applications, expanding its leadership in the Brazilian market and increase aggressively its international presence.
“This acquisition will allow IPG to advance the market for submarine networking systems,” said Ekaterina Golovchenko, IPG Photonics’ Vice President of Telecommunication Systems. “Combining Padtec’s leading-edge submarine network technologies with IPG’s high-power optical amplifier, Raman pumping, and WDM systems technologies will enable us to effectively compete for a growing number of undersea cable network deployments around the world.”
In addition to the optical repeater, Padtec’s submarine systems division acquired by IPG also includes the structure for submerged plant deployment, operation and maintenance services.