Bookham sheds Measurement Microsystems
2 August 2002 -- Oxfordshire, UK-based integrated optical component and subsystem supplier Bookham Technology plc has sold its Canada-based R&D subsidiary Measurement Microsystems A-Z Inc to a company backed by its former management.
Bookham has retained a 25% shareholding and will continue to use its patented optoelectronic technology.
This follows Bookham announcement in February that it was to discontinue development efforts and close the operation.
The disposal represents less than 1% of Bookham's net assets.
