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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.

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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. MRV said the move is part of its "strategic shift" away from fiber optic components, and into optical networking products, services, and solutions.