Marvell Technology, Inc. filed a Form 425 communication on November 2, 2026, disclosing a definitive agreement to acquire Lumentum Holdings Inc. and addressing the proposed transaction's implications for suppliers and business partners.

Key Highlights

  • Definitive agreement signed: Marvell Technology, Inc. has entered into a definitive agreement to acquire Lumentum Holdings Inc., according to the filing.
  • Expected closing timeline: The transaction is expected to close in the first half of calendar year 2028, subject to customary closing conditions and required approvals.
  • Leadership continuity: Following the closing, Matt Murphy will continue as Chairman and CEO of the combined company, the filing states.
  • Separate operations until closing: Marvell and Lumentum will continue to operate as separate, independent companies until the transaction closes, and existing agreements and contacts remain unchanged.
  • Registration statement planned: Marvell intends to file a Form S-4 registration statement with the SEC, which will include a joint proxy statement and prospectus for stockholders of both companies.
  • Focus areas cited: The filing describes complementary capabilities spanning high-performance lasers, optical transceivers, optical circuit switching, network switching, and custom silicon as a basis for the proposed combination.

Marvell's Supplier and Partner Communication on the Lumentum Acquisition

The filing consists of a supplier and partner letter delivered by Marvell Technology, Inc. on November 2, 2026, communicating the announced definitive agreement to acquire Lumentum Holdings Inc. (Commission File No. 001-36861). According to the filing, the proposed transaction is "intended to bring together two companies with complementary capabilities in connectivity and photonics," with Marvell citing the growing scale and complexity of AI infrastructure as a driver of the deal's strategic rationale.

The filing outlines four areas it describes as expected benefits for suppliers and business partners following the closing: new collaboration and innovation opportunities across the electrical and optical signal chain; greater scale and supply capabilities combining Lumentum's laser and compound semiconductor manufacturing with Marvell's semiconductor design and packaging expertise; shared growth opportunities across what the filing describes as "scale-across, scale-out, scale-up and scale-in" portfolio coverage; and continued commitment to existing supply chain relationships, with the filing stating that "maintaining continuity, honoring our commitments and working closely with our suppliers and business partners will remain priorities throughout this process."

The filing notes that a joint proxy statement and prospectus will be prepared and mailed to stockholders of both Marvell and Lumentum after the Form S-4 is declared effective by the SEC. Until that time, the filing advises that existing supplier and partner agreements and contacts remain unchanged. The communication also includes standard cautionary language regarding forward-looking statements and directs investors to read all relevant regulatory filings when they become available.

What Was Disclosed

Marvell Technology, Inc. filed a Form 425 on November 2, 2026, disclosing a definitive agreement to acquire Lumentum Holdings Inc., with a targeted close in the first half of calendar year 2028, and communicating expected operational continuity to suppliers and partners until closing.