Bookham Technology (Oxford, UK) purchased Palomar's (Vista, CA) Laser Diode Assembly Cell to complement its automated equipment resources used for precision volume manufacturing and new-product development at its facility in Paignton, South Devin, UK.

FLAG Telecom Group (London), provider of international wholesale network transport and communications services, entered into an agreement and plan of amalgamation with Reliance Gateway Net Private Ltd., a wholly owned subsidiary of Reliance Infocomm (Navi Mumbai, India) whereby Reliance Gateway will acquire 100% of the company's common shares on a fully diluted basis.

Transmode Systems (Stockholm), supplier of transmission equipment for fibre-optic networks, has closed an additional USD10-million round of funding, led by Pod Holding. Existing investors Amadeus Capital Partners and European Equity Partners also participated in the round.