Tyco Electronics adds LDI to its Fiber Division

Tyco Electronics (Harrisburg, PA) has reached an agreement to acquire Laser Diode Inc. (LDI; Edison, NJ), which will become part of the Tyco Electronics Fiber Optic Division. Terms of the acquisition were not disclosed, but the heads of both organizations made strong positive statements. Robert Leggett, vice president of the Fiber Optic Division described LDI's optoelectronics products and packaging expertise as an "excellent complement" to its line of active products, such as MT-RJ SFF/SFP transceivers. LDI president Maurice Murphy said, "Tyco's size and strategic focus on the fiberoptics market are exactly what is needed to continue our growth.—Hassaun Jones-Bey