Firecomms, a Cork-based manufacturer of transceivers for consumer plastic optical fiber (POF), has been acquired by Chinese corporation ZJF Group.
Under the terms of the contract announced last week, ZJF has committed to R&D investment of €5 million, together with the expansion of Firecomms’ engineering team from 18 to 30 people over 12 months.
Declan O’Mahoney, chief executive of Firecomms, said the deal would also facilitate the rapid expansion of the company’s operations in mainland...
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