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February 16, 2011
LONDON -- H.I.G. Europe, the European arm of global private equity firm H.I.G. Capital, today announced that funds advised by H.I.G. European Capital Partners LLP have acquired Fibercore, Ltd. (“Fibercore”), a UK based global market leader in the design and manufacture of specialty optical fibers, from Cisco.
Founded in 1982 and based in Southampton, England, Fibercore provides a wide range of specialty optical fiber products to customers globally within the aerospace, defence and telecommunications industries. Fibercore has a strong specialist manufacturing heritage and has won four Queen’s Awards for Enterprise including Innovation, Sustainable Development and International Trade. Fibercore’s products are central to the navigation and stabilization systems used on platforms as diverse as long-haul airliners, business jets, helicopters, satellites and space exploration vehicles developed for companies and government agencies in Europe, America and Japan. Fibercore’s specialty optical fiber is also a critical component in power amplifiers providing the next generation of high speed video and data transfer across the internet. Fibercore has been a leader in its field for over 20 years and its blue chip customer base includes global multinationals across the US, Europe and Asia.
H.I.G. Europe teamed with Fibercore management, headed by Chief Executive Officer Chris Emslie, to complete the transaction and will work closely with management to support and help implement the company’s growth strategy. Fibercore’s plans include continued global leadership through product innovation and high quality service delivery, helping increase both its geographic penetration and expansion into other related and developing markets.
Cisco Systems Inc. (Nasdaq: CSCO)
Senior Editor, Light Reading
Baumgartner also served as Site Editor for Light Reading Cable from 2007-2013. In between his two stints at Light Reading, he led tech coverage for Multichannel News and was a regular contributor to Broadcasting + Cable. Baumgartner was named to the 2018 class of the Cable TV Pioneers.
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