Molex buys New Jersey company
Molex, a global manufacturer of electronic solutions, said Friday that it acquired Nistica, a company specializing in the development and manufacturing of wavelength selective switching.
A comprehensive suite of Nistica wavelength management solutions will enhance Molex's offering of innovative solutions for next-generation architectures in the core of metro and long-haul networks, the company said. Nistica's business will be integrated into the Lisle-basewd Molex Optical Solutions Group, a global provider of optical solutions, including a wide range of optical connectivity, optoelectronics and optical transport products.
"Tremendous growth in broadband consumption is driving new innovations in the telecommunications industry," said Tim Ruff, senior vice president, Molex Business Development. "The Nistica acquisition offers Molex a unique value proposition by deepening technical engagement and complementing our extensive solutions portfolio for customers on the forefront of developing next-generation optical architectures. This exciting technology aligns well with our Molex growth strategy."
Founded in 2005 and headquartered in Bridgewater, New Jersey, Nistica is a supplier of agile optical modules that simplify, automate and make affordable the delivery of high bandwidth applications for the global telecommunication markets. The company specializes in WSS, a signal routing engine for metro/long-haul telecom networks.
"With the build-out of 5G wireless networks and the growth in data center traffic, our customers are looking for novel optical solutions at the edge and in the core of optical networks," added Ashish Vengsarkar, CEO of Nistica. "The acquisition by Molex enables us to scale in capacity and bring a comprehensive portfolio of next-generation products to the market."