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EXFO closes acquisition of InOpticals Inc.

Date Announced: 04 Jan 2021

Expands footprint in high-growth 400G/800G lab and manufacturing test markets.

Quebec City, Canada -- EXFO Inc. (NASDAQ: EXFO) (TSX: EXF) has announced the closing of the acquisition of InOpticals Inc., a technology leader offering ultra-high-speed test instruments for the laboratory and manufacturing markets.

InOpticals, based in Taiwan, supplies sampling oscilloscopes, bit-error rate testers (BERTs) and other critical test instruments to optical component and network equipment manufacturers. Its product portfolio addresses the high-growth 400G and 800G sectors like silicon photonics-based transceivers, active and passive components, as well as integrated test systems for R&D and manufacturing use cases.

InOpticals' solutions will be integrated into EXFO's industry-leading test and measurement (T&M) product family. The amount of the transaction was not disclosed.

"EXFO has made strategic investments in recent years, both internally and through acquisitions, to increase its footprint in the rapidly growing lab and manufacturing test segments," said Germain Lamonde, EXFO's founder and Executive Chairman. "This latest acquisition of InOpticals raises our T&M addressable market to more than $1 billion by expanding our high-end portfolio related to 400G and 800G technologies. Ultimately, it will allow EXFO to strengthen its leadership position in the global fiber-optic test equipment market."

About EXFO
EXFO (NASDAQ: EXFO) (TSX: EXF) develops smarter test, monitoring and analytics solutions for fixed and mobile network operators, webscale companies and equipment manufacturers in the global communications industry. Our customers count on us to deliver superior network performance, service reliability and subscriber insights.

They count on our unique blend of equipment, software and services to accelerate digital transformations related to fiber, 4G/LTE and 5G deployments. They count on our expertise with automation, real-time troubleshooting and big data analytics, which are critical to their business performance. We've spent over 30 years earning this trust, and EXFO employees in over 25 countries work side by side with our customers in the lab, field, data center and beyond.

About InOpticals
InOpticals Inc. is a Taiwan-based company founded in 2017 to develop and market high-speed test and measurement instruments.


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