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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.

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MRV Sells Source Photonics To Francisco Partners

socalTECH

Chatsworth-based MRV Communications said late Tuesday evening that it has sold its Source Photonics unit to private equity firm Francisco Partners. Source Photonics is a developer of optical communications components. MRV said that the deal was worth approximately $146M, made up of $113M in cash plus $33M in assumed debt.