IPG Photonics Buys Padtec Submarine Networks Division


IPG Photonics has signed a definitive agreement to acquire the submarine networks division (SND) of Padtec, a communications equipment company based in Brazil. Padtec SND is a provider of submarine networking technology and systems. The transaction has been approved by the board of directors of each company. Subject to satisfaction of customary closing conditions, the transaction is expected to close in the first quarter of 2019.

Source: subseaworldnews.com

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