Newport, Oclaro to exchange assets: New Focus for Spectra Physics' diode laser business

June 4, 2009--Newport Corporation (Irvine, CA) and Oclaro, Inc. (San Jose, CA) have signed definitive agreements for an exchange of assets and cash. Under the terms of the agreements, Newport will acquire the New Focus business of Oclaro's Advanced Photonics Solutions division, along with its portfolio of products including opto-electronics, high-resolution actuators, opto-mechanics, tunable lasers, vacuum and ultraclean solutions, and OEM-engineered solutions. In exchange, Oclaro will acquire Newport's Spectra Physics high power laser diode manufacturing operation, located in Tucson, Arizona, along with $3 million in cash.