[2] Avanex Corporation was incorporated in 1997 and had their initial public offering on February 4, 2000, raising US$216 million, and was based in Fremont, California.
In late April 2009 the Bookham and Avanex Corporations announced that they had merged, creating what they hoped would be one of the largest suppliers of optical components, modules and subsystems for telecommunications.
[10] On September 12, 2013, Oclaro, Inc. announced the sale of their Gallium-Arsenide (GaAs) laser diode business in Zurich to II-VI Incorporated (now Coherent) for $115M.
As part of the agreement, II-VI purchased the Oclaro Zurich, Switzerland company, which includes its GaAs fabrication facility, and also the corresponding high-power laser diodes, VCSEL and 980 nm pump laser product lines, including intellectual property, inventory, equipment and a related R&D facility in Tucson, Arizona.
The company designs, manufacturers and sells optical components primarily for fiber-optic communication networks.