MUNICH, Germany Wiring systems manufacturer Leoni AG (Nuremberg, Germany) expands its business activities: The company hitherto focusing on automotive and industrial wiring systems now takes the majority in optical fiber manufacturer Fibertech GmbH (Berlin).
With the move, Leoni claims to cover the entire value fiber optics chain from the single fiber to complete fiber optical networks.
According to Leoni, Fibertech is specialized in manufacturing specialty fiber optical products and fiber optical systems for laser transmission. Fibertech is active in medical, industrial and aerospace applications as well as biotech and astrophysics. The company employs about 50 persons and expects sales of 4.5 million (about $6.7 million) in 2007. Leoni intends to buy about 90 percent of Fibertech's active capital.
With the move, Leoni continues its expansion strategy. Within the recent years, the company has taken over several wiring systems vendors, creating one of the largest concerns in this industry segment.