Oclaro: Lumentum to sell former Oclaro Japan optical transceiver lines to Cambridge Industries Group

Lumentum Holdings Inc. says it will sell "certain optical transceiver product lines" provided by Oclaro Japan to Cambridge Industries USA, Inc. along with its holding company Cambridge Industries Group. (CIG). The financial terms of the agreement were not disclosed. The deal includes a long-term supply agreement for photonic chips from Lumentum to Cambridge. The parties expect to conclude the transaction during second calendar quarter of this year.