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Continues its investment expansion into Europe
September 12, 2013
By: DAVID SAVASTANO
Contributing Editor, Coatings World and Ink World
Huawei announced its continued investment expansion into Europe through its acquisition of Caliopa from Baekeland, Fidimec, Ghent University, PMV and other individual shareholders. The deal, which was supported by Woodside Capital Partners, opens the door for research efforts to be boosted in the area of silicon photonics, and represents a further step in Huawei’s European R&D strategy. The acquisition is part of Huawei’s strategy to enhance its European research and development capabilities, in particular in the silicon photonics-based optical solutions space. Huawei will integrate Caliopa into its existing R&D center in Belgium. The deal, which was completed on Aug. 6, 2013, will give Huawei full ownership of Caliopa. Caliopa is based in Ghent, Belgium, and will continue its strong partnership with UGent and imec following this acquisition.
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