PRZOOM - /newswire/ -
Leuven, Belgium, 2013/09/10 - Huawei announced its continued investment expansion into Europe today through its acquisition of Caliopa from Baekeland, Fidimec, Ghent University, PMV, and other individual shareholders - Caliopa.com / Huawei.com / WoodsideCap.com.
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 centre in Belgium. The deal, which was completed on 6 August 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.
Caliopa (caliopa.com) is a spin-off company from the Photonics Research Group of imec and Ghent University founded in 2009. It develops and markets silicon photonics based optical transceivers for the data and telecommunications markets.
Huawei (huawei.com) is a leading global information and communications technology (ICT) solutions provider. Through our dedication to customer-centric innovation and strong partnerships, we have established end-to-end advantages in telecom networks, devices and cloud computing. We are committed to creating maximum value for telecom operators, enterprises and consumers by providing competitive solutions and services. Our products and solutions have been deployed in over 140 countries, serving more than one-third of the world’s population.
Ghent University (UGent.be) is one of the major universities in the Dutch-speaking region of Europe. It distinguishes itself as a socially committed and pluralistic university in a broad international perspective. Over 120 faculty departments, spread over 11 faculties, offer high-quality courses in every one of their scientific disciplines. With a view to cooperation in research and community service, numerous research groups, centres and institutes have been founded over the years.
The Photonics Research Group, out of which Caliopa has originated, is part of the Department of Information Technology of the Faculty of Engineering and Architecture. The group consists of about 75 researchers and is active in research on integrated photonic systems for ICT, sensor- and life science applications. The group is associated with imec and is also part of the multidisciplinary research platform NB-Photonics, one of five spearhead research programs of Ghent University.
About Baekeland II Fund
In 2005 the partners of the Ghent University Association together with Fortis Private Equity Belgium, KBC Private Equity, Ethias, Volksvermogen and the ARKimedes Fund, a subsidiary of PMV, the investment company for Flanders, established Baekeland Fund II. This investment fund was created with capital of 11.1 million Euro. Baekeland Fund II (baekelandfonds.be) invests in mainly high-tech companies that have grown out of the research labs of Ghent University Association.
About Imec and Fidimec
Imec (imec.com) performs world-leading research in nanoelectronics. Imec leverages its scientific knowledge with the innovative power of its global partnerships in ICT, healthcare and energy. Imec delivers industry-relevant technology solutions. In a unique high-tech environment, its international top talent is committed to providing the building blocks for a better life in a sustainable society. Imec is headquartered in Leuven, Belgium, and has offices in Belgium, the Netherlands, Taiwan, US, China, India and Japan. Its staff of over 2,050 people includes more than 650 industrial residents and guest researchers. In 2012, imec's revenue totaled 320 million Euro.
Fidimec NV is the investment vehicle of imec, supporting the creation and growth of itsspin-off companies. It is Fidimec’s mission to enable the growth of the start-up from theearliest phase on to become a successful company.
PMV nv (pmv.eu) is a Flemish investment company. It finances promising entrepreneurs from the very start through the growth and to the internationalization of their business. It also invests in large infrastructure projects and real estate. It focuses on the sustainable economic development of Flanders, with demonstrable added value for both economy and society.
About Woodside Capital Partners
Woodside Capital Partners (woodsidecap.com) is a global, independent investment bank that delivers world-class strategic and financial advice to emerging growth companies in the technology and life sciences sectors. With a strong track record in M&A, strategic partnerships and private placements, Woodside Capital Partners has been providing worldwide investment banking services since 2001. Woodside Capital Partners has offices in Silicon Valley and London, and has leading domain experience in software, Internet services, electronic communications and materials, and life sciences. WCP Research offers institutional technology research services to buy-side institutional investors and technology industry executives. The team of Woodside Capital Partners has completed transactions totaling more than $10 billion.