3S Photonics Acquires Manlight
In France, 3S Photonics Group of Nozay has announced the acquisition of all shares of Manlight SAS of Lannion. 3S Photonics completed the transaction with the help of Eurazeo, which holds 83 percent of the company’s capital. Manlight manufactures products for telecommunication transport networks, broadband access networks, and the defense and industrial markets. The company will become a subsidiary of 3S Photonics Group. The latter company also reported consolidated International Financial Reporting Standards turnover of up to €51 million (about $68 million) for fiscal 2011, which ended in June. This represents a 64 percent growth year over year.