Avanex completes sale of optoelectronic fabs in France
Avanex Corporation has announced that it completed the sale of 90 percent of its interest in its French subsidiary, Avanex France, including its Indium Phosphide (InP) and Gallium Arsenide (GaAs) semiconductor fabs, and its laser, terrestrial pump, submarine pump and Fiber Bragg Grating (FBG) product lines to Global Research Company, owned by Alexandre Krivine, and to the current management of Avanex France, Didier Sauvage. The purchasers have changed the name of Avanex France to 3S Photonics.
At the closing, Avanex Corporation and 3S Photonics entered into several commercial agreements in order to assure a smooth transition and to ensure their customers' continuity of supply. Avanex Corporation will maintain an innovation centre in France comprised of approximately 20 employees that will focus on developing transmission products.
