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Electronics Production | November 02, 2006

Siemens to divest its ONT business

US based prototype electronics maker TXP acquires the Optical Network Terminal group of Siemens AG.
Any terms of the acquisition were not disclosed but the deal is however determined to be closed in the fourth quarter. According to My-ESM TXP (Richardson, Texas) has already hired Siemens' former ONT development team, however, consisting of 35 full-time employees. In connection with the move, TXP said it has renamed its photonics group iphotonics.
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