Bookham buys Quebec firm for stock, cash

January 27, 2001|By Stacey Hirsh | Stacey Hirsh,SUN STAFF

Bookham Technology PLC, a British fiber-optics company that is opening its North American headquarters in Howard County, said yesterday that it has acquired Measurement Microsystems A-Z Inc. of Trois-Rivieres, Quebec.

Bookham agreed to buy privately held Measurement Microsystems for no more than $47.5 million, of which $10 million will be paid in cash and the rest in stock.

Giorgio Anania, Bookham Technology's president, said Measurement Microsystems would play a key role in the development of his company's equipment. Bookham makes telecommunications components that help information flow on fiber-optic networks. Measurement Microsystems develops technology to help improve the performance of instruments that measure light spectrums.

On Monday, Bookham will officially open its new combination North American headquarters and manufacturing plant in Columbia. The facility, in the Oakland Ridge Industrial Park on Md. 108, is expected to eventually employ 1,000.

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