Heraeus Comvance has acquired part of the OFS Fitel Denmark ApS plant in Brøndby (near Copenhagen), Denmark. Financial terms were not disclosed.
Heraeus said it plans to manufacture standard optical telecommunication fibers based on a European value chain and will provide these fibers to the EMEA market.
OFS will continue providing its customers outside of EMEA as well as its cable factories a full range of fiber types from world-class draw towers in the US. OFS will also continue to produce and market specialty fiber in Brøndby, Denmark for the global market, and Furukawa Electric, OFS' parent company, will continue serving the global market with a full portfolio of telecommunication fibers from state-of-the-art draw towers in Japan.
"The OFS focus at its Denmark site remains the production of world-class, unsurpassed attenuation sub-sea fibers and other specialty communications fibers," explains Holly Hulse, President and CEO of OFS. "The divesture of telecommunications equipment and manufacturing space will not adversely impact OFS' production and supply of specialty fibers and is in line with the company's strategy for long-term growth and profitability."
"Heraeus Comvance is one of the largest manufacturers of synthetic quartz glass which will remain our main business focus globally. To cater specifically to the EMEA market, we have now taken the next step along the value chain with the production of bend insensitive and standard optical fibers at our facility in Denmark. They will be made in the European Union from glass to fiber. With this engagement we will better serve our global glass customers," explains Dr. Jan Vydra, President of Heraeus Comvance.
https://www.heraeus.com/en/group/press_group/corporate_news/2023_3/ofsfitel.html
