Gimv sells CoreOptics to Cisco

The deal is said to be one of the largest transactions for a venture-backed company in the electronics space in Germany in recent years.

CoreOptics has its main operations in Nuremberg, Germany, and headquarters in San Jose, California, USA, employing a total of 116 people. The company develops and manufactures subsystems for ultra high-speed optical networking applications in the telecommunications and information technology industries.

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• DACH
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• Trade sale