Friday, March 30, 2012

MRV Sells CES Creative Electronic Systems SA

Chatsworth-based MRV Communications said today that it has completed the sale of its CES Creative Electronics Systems SA subsidiary, to a group of European private equity firms led by Vinci Capital SA. The firm said that the deal was worth $28.4M. MRV said the sale will help it to focus on its core business of network infrastructure equipment and network management products. MRV was advised by Headwaters MB in the sale.