New companies arise from JDSU

JDSU announces that it will be separated into two different independent business entities, later this year. That will make the disappearance of one recognized brand.

Here is a statement on their web page:

On September 10, 2014, JDSU announced plans to separate into two publicly traded companies. Lumentum Inc. will include JDSU’s industry-leading Telecom, Datacom, Commercial Lasers and 3D Sensing offerings. Viavi Solutions Inc.​ will include JDSU’s network and service enablement solutions for the Service Pr​ovider, Cloud and Enterprise markets and JDSU’s Optical Security and Performance Products that help organizations fight the battle against counterfeiting.

The decision to separate will allow each new company to be more agile and focused on their customers and markets, while generating long-term value for shareholders.​​​​​​​

“The creation of new brands and the Form 10 filing are important milestones as we move toward separation,” said Tom Waechter, president and chief executive officer of JDSU. “Each company will remain committed to continued innovation and will be led by proven management teams prepared to execute growth strategies designed to help our customers successfully manage the complex opportunities that come with the ever-accelerating pace of technological change. We are creating two unique brands – both representing well-established expertise and market leadership – and positioning them with greater customer focus and agility.”

More on this topic you can find on the following link.

 

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