Coriant Separates from NSN

MUNICH -- Marlin Equity Partners today announced the closing of the transaction announced on December 3, 2012, which transfers the Optical Networks business of Nokia Siemens Networks to form Coriant. The company sets a new course and vision for the optical networking industry. Launched at the industry fair OFC/NFOEC in March 2013, Coriant focuses on accelerating leadership through its high-performance coherent 100G transport solutions and software-defined, optical layer intelligence. “We are very excited to start our journey forward as an independent company,” said Herbert Merz, President and Chief Executive Officer, Coriant. “We enter the market with proven expertise in optical networking solutions that form the foundation for building Tier 1 networks around the world. We will continue to increase value for our customers as an ever-growing demand for mobile, video and cloud services creates new opportunities for differentiated, end-to-end service offerings. Coriant today formally resumed full business responsibility as well as the majority of employees from Nokia Siemens Networks’ Optical Networks business. With the closing of the transaction, the newly formed company will have operations in more than 48 countries. Coriant, which plans to leverage its 30 years of German engineering excellence to lead the optical networking industry, takes up operations with the competitive advantage of being the preferred supplier to fixed line and mobile network operators in six continents and more than 100 countries. Marlin Equity Partners