Marlin Equity Partners disclosed in an announcement that the negotiations that began back in the 3rd of December 2012 regarding its intent to acquire the Optical Networks came to an end today. Optical Networks is a company under Nokia Siemens Network that will become Coriant.
Coriant, a Germany-based provider of optical transport solution, is now focusing on a new direction for the optical networking industry. It was launched on March 2013 at the trade event, Optical Fiber Communication Conference and Exposition/National Fiber Optic Engineers Conference (OFC/NFOEC). The newly formed company will be concentrating on increasing its leadership by providing high- performance coherent 100G transport solutions and its software determined optical layer intelligence.
Coriant's President and Chief Executive Officer, Herbert Merts said, "We are very excited to start our journey forward as an independent company."
Mr. Merts further added, "We enter the market with proven expertise in optical networking solutions that form the foundation for building Tier 1 networks around the world. We will continue to increase value for our customers as an ever-growing demand for mobile, video and cloud services creates new opportunities for differentiated, end-to-end service offerings."
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