Alcatel-Lucent has sold its optical transport equipment manufacturing plant to Flextronics for an undisclosed amount.
The transfer deal include Alcatel-Lucent employees and temporary workers, manufacturing, real estate, support and service activities related to optical transport equipment at the Alcatel-Lucent plant in Trieste, Italy.
As per the deal, Flextronics will be responsible for launching new products, manufacturing, integration and repair services of Alcatel-Lucent optical equipment at the site.
Alcatel-Lucent, which will be part of Nokia Networks soon, and Flextronics have also signed a five-year, renewable contract for supplying optical products.
Roberto Loiola, CEO and managing director of Alcatel-Lucent Italy, said: The Trieste plant will benefit significantly from becoming a global center of excellence, with employment levels maintained and even increased.”
Flextronics will expand its optical transport capabilities and accelerating the growth of its product portfolio with the addition of this business and the skilled team, said Alcatel-Lucent in a statement.