JDSU has filed a registration statement with the U.S. Securities and Exchange Commission to be split into two publicly traded companies—one focused on optical technologies and the other focused on network and service enablement as well as optical security and performance products.
JDSU's communications and commercial optical products business will be spun off into Lumentum Holdings Inc., an optical components and subsystems for telecommunications company targeting data communications, cloud networking and data center infrastructure. JDSU said Lumentum will look to grow its 3D sensing and commercial laser business as well as expanding into other market segments that will be suitable for optical and laser technologies.
Alan Lowe, president of JDSU's communications and commercial optical products business, will serve as the CEO of Lumentum. Aaron Tachibana will serve as Lumentum's chief financial officer.
The other spin-off will be named Viavi Solutions Inc. and will include JDSU's network enablement, service enablement, optical security and performance products businesses. Viavi will look to expand its anti-counterfeiting solutions for currency authentication and high-value optical components and instruments for security, safety, electronics and other applications. Tom Waechter, current president and CEO of JDSU, will lead Viavi.
Waechter said in a statement that after the separation "each company will remain committed to continued innovation."
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