Wiring systems manufacturer acquires FiberTech GmbH

Nov. 30, 2007
November 30, 2007, Nuremberg, Germany--Leoni, the wire, cable and wiring systems specialist, is further expanding its activity in the high-growth market for fiber optics. Effective the end of November 2007, Leoni will acquire 90.2% of the shares in FiberTech GmbH (Berlin, Germany). FiberTech is a provider of special glass fibers and complete fiber optic systems for medical equipment and industrial applications.

November 30, 2007, Nuremberg, Germany--Leoni, the wire, cable and wiring systems specialist, is further expanding its activity in the high-growth market for fiber optics. Effective the end of November 2007, Leoni will acquire 90.2% of the shares in FiberTech GmbH (Berlin, Germany). FiberTech is a provider of special glass fibers and complete fiber optic systems for medical equipment and industrial applications.

By acquiring this fiber specialist, Leoni continues to consistently pursue its strategy of strengthening its business in profitable, technologically sophisticated niche markets. The Fiber Optics unit will now be able to offer a unique product range to cover widely differing applications along each link in the value chain: from the fiber to the cables and the related components, and through to designing and setting up glass fiber cable networks.

In the medical equipment sector, FiberTech makes special probes for laser medical technology. In addition, its products are used in the materials processing industry, in defense and aviation engineering, as well as in biotechnology and astrophysics.

For more information, visit www.leoni.com.

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