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€5M Optical Fiber Investment

Photonics Spectra
Jan 2011
ZJF Group of Zhejiang, China, an integrated plastic optical fiber systems and solutions provider, has acquired Cork, Ireland-based Firecomms Ltd., a manufacturer of transceivers for consumer plastic optical fiber. The deal guarantees a €5 million investment in R&D, together with the expansion of Firecomms’ engineering team from 18 to 30 people over the next 12 months. The agreement also is expected to facilitate the rapid expansion of Fire-comms’ operations in mainland China. Shareholders in Firecomms included Atlantic Bridge, ACT Venture Capital, Swisscom Ventures, Alps Electric and Enterprise Ireland.



GLOSSARY
optical
Pertaining to optics and the phenomena of light.
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