Mywell Technology announces all-stock acquisition of Lumentum, expanding into AI optical interconnect

Mywell Technology will acquire Lumentum through a fully stock transaction. After the transaction, Lumentum shareholders will hold approximately 33% of the combined company's shares. It is expected to generate over $1 billion in synergies annually, and the target market size of the combined company will expand to $550 billion. The two companies will integrate their technologies to cover optical interconnection solutions from distributed data centers to advanced semiconductor packaging.