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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.
ACT Venture CapitalAlps ElectricAtlantic BridgeBusinessChinaconsumer plastic optical fibersCorkEnterprise Irelandfiber opticsfibersFirecomms Ltd.Irelandlight speedopticaloptical fibersopticsplastic optical fibersR&Dresearch and developmentSwisscom VenturestransceiversZhejiangZJF Group

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