Monday, May 6, 2013

Marlin Equity Completes Nokia Optical Networks Buy

Los Angeles-based private equity firm Marlin Equity Partners said this morning that it has completed its acquisition of the Optical Networks business of Nokia Siemens Networks, and has renamed that business Coriant. Marlin said the new company will be headquartered in Munich, Germany. Marlin said the acquisition is its sixth, corporate divestiture acquisition since the beginning of 2012. Nokia's Optical Networks business developed optical transport hardware and software.