Bookham makes passive optical components used in access and metropolitan-area networking equipment, while Marconi Optical Components (MOC) designs and manufactures active optical components such as tuneable lasers and erbium-doped fibre amplifiers.
Bookham expects the acquisition will speed the integration of active and passive optical elements, resulting in more efficient manufacturing processes and cheaper components for use in such networking equipment. The move will enable it to develop products with greater functionality, rather than simple components, something that telecommunication equipment manufacturers are increasingly demanding, Bookham said.
For the year ended March 31, MOC posted a pre-tax loss of £18.7m on sales of £11.1m, according to unaudited figures cited by Bookham. Most sales revenue came from outside the Marconi group, Bookham said.
Under the terms of the deal, Marconi has agreed to buy at least £30m worth of components from Bookham over the next 18 months.