Molex Inc. (MOLX) today announced that it has acquired Luxtera Inc’s “active optical cable” business, which helps replace copper interconnects with fiber. No pricing terms were disclosed for the deal, but Fortune has learned that it was worth in excess of $20 million.
Luxtera originally formed the business to help secure new clients, but will continue to operate in its primary business as a chipmaker. It has raised will continue to chug along as a chipmaker (optical cable was always an ancillary business, formed to help Luxtera access a new type of client).
The Carlsbad, Calif.-based company has raised over $22 million in venture capital funding from such firms as Austin Capital, Lux Capital, New Enterprise Associates, Sevin Rosen Funds and Western Technology Investment.