UK optical fibre manufacturer Fibercore has been sold by HIG Capital to Humanetics Innovative Solutions, a portfolio company of Golden Gate Capital. Terms of the transaction were not disclosed.
Fibercore designs and manufacturers specialty optical fibre serving multiple high-growth end-markets, including aerospace and defence, oil and gas, and biomedical applications. Fibercore works with some of the world's largest companies assisting in the development of new optical fibre technologies.
‘I would like to thank HIG for their assistance in the development of Fibercore since 2011 and their support of the management team,’ said Chris Emslie, CEO of Fibercore. ‘This is an exciting moment in the Fibercore story and in combining our strengths with Humanetics and its leadership in sensor technologies, I believe we have found the perfect partner.’ Fibercore is now heavily involved with the industrial Internet of Things (IIoT), featuring its technology in driverless cars and remote operating robots.
Carl Harring, managing director at HIG Capital, commented: ‘It has been a very successful transaction and during our period of ownership, we have enjoyed working with Chris Emslie and his team helping to develop the business in new areas; in many cases pushing the boundaries of optical science via pioneering R&D.’