Cisco Systems Acquires Acacia Communications to Strengthen 5G Position | #cisco #acacia #5g $CSCO
Cisco Systems, Inc. (NASDAQ: CSCO) announced on May 19, 2023 that it has acquired Acacia Communications, Inc. (NASDAQ: ACIA) for $2.2 billion. Acacia is a leading provider of high-speed optical networking components. The acquisition will give Cisco a stronger position in the growing market for 5G networking.
5G is the next generation of cellular network technology. It is expected to offer significantly faster speeds and lower latency than 4G. This will make it ideal for a wide range of applications, including streaming video, gaming, and autonomous driving.
Acacia's products are used by major telecommunications companies to build 5G networks. The acquisition will give Cisco access to Acacia's technology and expertise. This will help Cisco to accelerate its 5G business and compete with other networking companies, such as Huawei and Nokia.
Cisco is a well-established company with a strong track record of innovation. The acquisition of Acacia is a sign of Cisco's commitment to 5G. It is also a sign of Cisco's confidence in its ability to compete in the growing market for 5G networking.
The acquisition of Acacia is expected to close in the second half of 2023.
The acquisition of Acacia Communications is a positive development for Cisco Systems. It will help Cisco to strengthen its position in the growing market for 5G networking. The acquisition is also a sign of Cisco's confidence in its ability to compete in the 5G market.
