Ericsson has signed an agreement to sell its optoelectronics operation Ericsson Optoelectronics to Northlight Optronics AB. The deal is effective immediately and Ericsson Optoelectronics' 48 employees will be transferred to the new company as of now.
Ericsson Optoelectronics is a supplier of optoelectronic components and modules located in Stockholm, Sweden. The purchase includes all activities, mainly development and certain manufacturing. Northlight Optronics AB takes over the entire staff. Ericsson retains 9.9 percent ownership in the new operation.
Ericsson is shaping the future of Mobile and Broadband Internet communications through its continuous technology leadership. Providing innovative solutions in more than 140 countries, Ericsson is helping to create the most powerful communication companies in the world.
Read more at http://www.ericsson.com/press