Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Industrial Photonics Photonics Showcase Photonics ProdSpec Photonics Handbook
More News
Email Facebook Twitter Google+ LinkedIn Comments

  • Photonics: The New Milan Fashion

Photonics Spectra
Feb 2001
Dr. Flavio Fontana

MILAN, Italy -- Despite the traditional impairments of the Italian economy, the Milan area is gaining some visibility in the photonics business, and it is working to configure itself as a possible "Optics Valley" south of the Alps.

Corning Inc. has closed the $3.6 billion acquisition of Optical Technology, a high-tech company formerly owned by Pirelli Cavi & Sistemi spa (90 percent) and Cisco Systems (10 percent). Optical Technology's laboratories are moving to a site on the outskirts of Milan, where new space is already available for future expansions.

Besides Pirelli and Corning -- which is expected to maintain and expand its new local operations -- the recently established Cisco Photonics contributes to the creation of a lively environment for photonics innovation. Analysts expect other foreign companies to settle in the same zone, which offers easy access to top-grade academic research and specialized professional skills at a cost still acceptable to US investors.

Photonics in Italy

The acquisition gives Corning new research and manufacturing resources in ultrafast lithium niobate modulators, 980-nm amplifier pump lasers, add/drop filters, phase modulators and acousto-optic filters, which have proved useful in long-haul transmission systems and cross-connects.

Corning paid $3.4 billion in cash for the business unit and has agreed to pay an additional $180 million after the firm achieves a certain number of business objectives. For Pirelli, the financial result will allow upgrades and expansions in other sectors of photonics, such as optical fibers and submarine telecom.

Terms & Conditions Privacy Policy About Us Contact Us
back to top

Facebook Twitter Instagram LinkedIn YouTube RSS
©2016 Photonics Media
x Subscribe to Photonics Spectra magazine - FREE!