Tuesday, December 8, 2015
MRV Sells Tecnonet S.p.A. Unit
Chatsworth-based MRV Communications, which designs and manufactures optical networking equipment, said late Monday afternoon that it has closed its sale of Tecnonet S.p.A. to Maticmind S.p.A.. Its Italian subsidiary provided network integration services. MRV said it received approximately $21.5M ffor the business unit. MRV said the sale will let it focus all of its energy on its network equipment business.