Akzo Nobel sells optoelectronics business to JDS Fitel
The sale of the Akzo Nobel Photonics (Arnhem, Netherlands) business unit to JDS Fitel Inc. (Nepean, Ontario, Canada) allows the parent company Akzo Nobel N.V. to concentrate on its main product lines while extending the Canadian company`s reach into waveguide technology for optical switching. The waveguide technology is based on highly specialized optical polymers that produce robust, compact, and fast switches. In conjunction with the purchase, JDS Fitel entered into a strategic alliance with AlliedSignal Inc. (Morristown, NJ) to enhance the exploitation of the technology with material and process expertise.
