acquired an optical equipment operation in West Columbia, S.C., from


(CSCO) - Get Report

. Financial terms weren't disclosed.

The company acquired Cisco's dense wave division multiplexing multiplex, demultiplex, and add/drop optical module manufacturing operation. Solectron, a provider of electronics manufacturing and supply-chain management services, expects to move the operation to its East Coast optical center in Charlotte, N.C.

Shares of Solectron, Milpitas, Calif., closed down $1.49, or 6.1%, to $22.92 on the

New York Stock Exchange

, while Cisco, based in San Jose, Calif., lost $1.59, or 7.2%, to $20.46 on the