Finisar Corp. (NasdaqGS:FNSR) entered into an agreement to acquire u²t Photonics AG for $27 million on January 8, 2014. Under the terms of the deal, $20 million of the purchase price will be paid as cash subject to certain adjustments and Finisar will also assume net debt of approximately $7 million.

In calendar year 2013, u²t Photonics reported revenues of $33 million. The transaction is subject to the satisfaction of customary closing conditions and is expected to close in January 2014. Nils Krause, Ludger Giesberts, Kai Bodenstedt, Robert Hofbauer, Burkhard Führmeyer, Thilo Streit, Christopher Albien, Henriette Norda, Andreas Tiedge, Max Wenger, Annemarie Bloss, Andrew Davies, Adam Hartley, Mark Vipan, Laura De Graff, Jessica Smith and Rebecca Piper of DLA Piper LLP acted as legal advisors for Finisar Corp.

MSM Capital GmbH & Co. KG acted as financial advisor for u²t Photonics.