Thursday, April 28, 2005

Fabrinet to Acquire JDS Uniphase Operations in Fuzhou

Fabrinet, an engineering and electromechanical manufacturing services company, agreed to acquire JDS Uniphase's manufacturing facilities located in Fuzhou, China. The deal includes all assets and operations related to the Fuzhou plant including R&D and the manufacture of products such as crystals and precision optics. The Fuzhou plant employs over 500 engineers, technicians, and skilled operators, all of whom are expected to transfer to Fabrinet and continue their employment at the site. Financial terms were not disclosed.