In August 2015, Infinera acquired Transmode, a supplier of metro packet-optical networking systems based in Stockholm, Sweden, following an offer made in April 2015. Transmode shareholders received a mix of cash and Infinera shares, giving a total equity value for Transmode of about $350 million.Transmode Shareholders Accept Infinera Buyout Offer NASDAQ RTT News, 14 August 2015. Retrieved: 24 September 2015.
