The Canadian subsidiary of California-headquartered COGO Optronics will take on the branding of TeraXion at its office on Hertzberg Road. The 10 local employees will remain on site, according to TeraXion spokesperson Nathalie Rheaume.
“This combination will better service the needs of our existing customers and accelerate the time to market of the rich products pipeline COGO has been developing in conjunction with leading customers,” stated COGO CEO Alka Swanson in a company release.
“Combining the advanced … technology and products developed by COGO with the larger scale and market reach of TeraXion will result in a more stable commercial platform from which the business can be ramped to its full potential,” added COGO chief financial officer Ron Lacey.
COGO – which was founded in California and has an office in Boulder, Colo. – develops, manufactures and markets technologies for the next generation of high speed optical networks.
The acquisition by TeraXion includes COGO’s Canadian intellectual property assets.
TeraXion designs and manufactures optical components and modules for high-speed fiber-optic transmission networks, fiber lasers and optical sensing applications. Since its inception in 2000, the company has sold 100,000 devices to 500 customers around the world and has 32 granted patents, according to TeraXion’s website.