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MRV Gets More From Tecnonet Sale

socalTECH

Chatsworth-based optical networking equipment provider MRV Communications said the price of its sale of Tecnonet S.p.A. in the sale. has increased, and that it has received an additional $4.8M The deal now amounts to $26.4M. According to MRV, the payment relates to an intercompany obligation.

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MRV Sells Tecnonet S.p.A. Unit

socalTECH

Chatsworth-based MRV Communications , which designs and manufactures optical networking equipment, said late Monday afternoon that it has closed its sale of Tecnonet S.p.A. MRV said the sale will let it focus all of its energy on its network equipment business. to Maticmind S.p.A. MRV said it received approximately $21.5M

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Logicube Buys IP Rights From Partner

socalTECH

Chatsworth-based Logicube , a developer of hard drive duplication and electronic forensics products, announced this morning that it has acquired the intellectual property behind its CellDEK technology. Financial terms of the acquisition were not disclosed. Tags: logicube hard drive electronic forensics merger acquisition.

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MRV Sells CES Creative Electronic Systems SA

socalTECH

Chatsworth-based MRV Communications said today that it has completed the sale of its CES Creative Electronics Systems SA subsidiary, to a group of European private equity firms led by Vinci Capital SA. MRV said the sale will help it to focus on its core business of network infrastructure equipment and network management products.

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MRV Communications Sells Avionics Systems Unit

socalTECH

Chatsworth-based MRV Communications , which manufactures optical networking components, reported Wednesday afternoon that it has executed a definitive agreement with a group of European private equity firms, led by Vinci Capital SA, to sell its Creative Electronic Systems SA. MRV said the deal is worth approximately $24.6M.