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January 17, 2003
STOCKHOLM -- Ericsson has signed an agreement to sell its optoelectronics operation Ericsson Optoelectronics to Northlight Optronics AB. The deal is effective immediately and Ericsson Optoelectronics' 48 employees will be transferred to the new company as of now.
This sale is in line with Ericsson's ongoing process to focus on its core business of providing systems and services for telecom operators.
Ericsson Optoelectronics is a supplier of optoelectronic components and modules located in Stockholm, Sweden. The purchase includes all activities, mainly development and certain manufacturing. Northlight Optronics AB takes over the entire staff. Ericsson retains 9.9 percent ownership in the new operation.
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