ADVA takes over Oscilloquartz SA from Swatch Group

ADVA has signed a definitive agreement to acquire all shares in Oscilloquartz SA from Swatch Group.

The Oscilloquartz product portfolio includes technology for timing sources and timing distribution for legacy and next-generation packet networks.

"Synchronization technology is a critical element to the development of our networks; a critical element to the development of our business," said Brian Protiva, CEO and co-founder, ADVA Optical Networking. "That's why our acquisition of Oscilloquartz is so important. The technology and intelligence we're buying here completes our synchronization delivery and assurance portfolio, it completes our Syncjack  solution. With this integration, we'll be able to expand into new markets, address new business opportunities and further grow revenues. This is especially true for our growing business with mobile operators, as well as telecom business services and industries such as utilities and governmental institutions. Today's purchase will be a landmark moment for our company and our team. There are incredible opportunities ahead."

The product portfolio of Oscilloquartz complements ADVA Optical Networking's Syncjack offering and enables the company to deliver a complete end-to-end solution and smooth migration for frequency and time synchronization to network operators, a large number of enterprise verticals and governmental institutions. The acquisition is subject to standard closing conditions and is expected to close in early April 2014.