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MRV Sells CES Creative Electronic Systems SA

socalTECH

Chatsworth-based MRV Communications said today that it has completed the sale of its CES Creative Electronics Systems SA subsidiary, to a group of European private equity firms led by Vinci Capital SA. MRV was advised by Headwaters MB in the sale. The firm said that the deal was worth $28.4M. READ MORE>>.

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MRV Communications Sells Avionics Systems Unit

socalTECH

Chatsworth-based MRV Communications , which manufactures optical networking components, reported Wednesday afternoon that it has executed a definitive agreement with a group of European private equity firms, led by Vinci Capital SA, to sell its Creative Electronic Systems SA. MRV said the deal is worth approximately $24.6M.

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Kinetic Traction Systems, With VC Backing, Takes On Mass Transit Energy Storage

socalTECH

Chatsworth-based Kinetic Traction Systems , a new startup headed by former Pentadyne Power COO Richard Newark, said today that it has launched the firm, and is looking to apply flywheel energy storage to the mass transit and rail market. READ MORE>>.