Alcatel sheds non-telecom MEMS and planar design

11 July 2002 -- The management buy-out has been completed of Alcatel Optronics Netherlands, now C2V, whose non-telecom MEMS and planar design software stem from Kymata.

Jul 11th, 2002

11 July 2002 -- Alcatel Optronics - which makes optical components, modules and integrated sub-systems for telecoms networks - says that the management buy-out of Alcatel Optronics Netherlands has been completed, in line with the announcement of 5 June.

The new entity, called C2V, is independently owned and financially supported by Dutch private equity firm Greenfield Capital Partners. Its non-telecom MEMS and planar design software stem from two start-ups bought by Kymata prior to its acquisition by Alcatel Optronics.

A C2V team will be dedicated to Alcatel Optronics for 18 months on a planar design research and development program.

www.alcatel.com/optronics

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