Integra, a provider of fiber-based, enterprise-grade networking, communications and technology solutions is looking to strengthen its West Coast footprint with a new acquisition.
On Tuesday, the Vancouver-headquartered company announced it has entered into a definitive agreement to acquire opticAccess, a provider of fiber-based connectivity solutions through a 3,500 route mile network that stretches from Seattle to San Diego. The majority of opticAccess’ metro fiber route miles are located in the Bay Area and Los Angeles metro areas.
Following the acquisition, Integra’s addressable near-net demand (defined as telecom spend within 2,500 feet of its more than 4,000 route mile metro fiber network) will increase by approximately 40 percent.
“The acquisition of opticAccess reinforces Integra’s fiber-centric network investment and growth strategy, and reaffirms our standing as one of the largest regional fiber network operators in the United States,” said Robert E. Guth, CEO of Integra. “The combined assets of the two companies will significantly expand Integra’s network reach and improve our ability to deliver the high-bandwidth, high-reliability network solutions that our sophisticated wholesale, government and enterprise customers demand.”
The transaction is expected to close in the fourth quarter of 2015 subject to applicable regulatory approvals.