Nokia Siemens Networks sells its fiberglass business

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Nokia Siemens Networks (NSN) has separated from another division. Today as it announced , the division is “optical networks” for an undisclosed price to the financial investor Marlin Equity PartnersThe deal is expected to close in the first quarter of 2013. He will also have an impact on employees in Germany.

Marlin Equity Partners wants to build on the basis of the acquired NSN department an industry leader in optical networking. This market is currently highly fragmented.

Currently counts the fiber division of NSN about 1,900 employees – most of them in Germany, Portugal and China. After taking over the headquarters of the new company will be in Munich. The existing management team to manage the company, the CEO was appointed Herbert Merz. He is currently Head of Optical Networks at NSN.

The ailing joint venture of Nokia and Siemens have long been checked , what assets it can make money by selling to. At the center of the global turnaround plan focus is to concentrate on the mobile broadband business.

Since its founding in April 2007, NSN has not made a profit. The network joint venture was for Siemens and Nokia billions to grave. Recently it was announced that the location Bruchsal Baden-Württemberg as soon as possible to be closed. Of these, approximately 650 employees are affected. The timing of the plant closure will depend on the ongoing negotiations with staff and council.

NSN CEO Rajeev Suri sees confirmed in terms of the strategic reorientation: “2012 Nokia Siemens Networks has made tremendous progress here, to develop the world’s largest broadband specialists. Our strategic focus on our core business has enabled us to put energy and investment in areas such as LTE, where we have expanded our global leadership. “

According to Bloomberg thinks Suri also an expansion in the U.S. after. In the United States could benefit NSN that the competing network equipment providers Huawei and ZTE there enjoy a good reputation. The U.S. Congress had officially in early October, a report warned of products and services of Chinese companies, because he sees it as a security risk.

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