Chinese manufacturing firm Suzhou Chunxing Precision Mechanical has entered into an agreement with CALIENT, a leading Optical Switching vendor for controlling stake in in the company.
Founded in 2001, Chunxing is headquartered in Suzhou and is publicly traded on the Shenzhen stock exchange. Chunxing will also provide manufacturing services to CALIENT to help the company scale its growth. CALIENT is expanding manufacturing to meet the growth in demand and will leverage Chunxing’s expertise in precision manufacturing, giving CALIENT significant added capabilities for manufacturing its core technology.
Additional synergy exists between Chunxing and CALIENT who share a common base of existing and target global customers. Improved manufacturing capability and broader global presence will allow the company to provide better customer support and to more effectively increase global sales.
Santa Barbara-based CALIENT will continue to operate under the CALIENT brand.
Carvin Chen, EVP of Chunxing and Atiq Raza, CEO of CALIENT
Chunxing and CALIENT share very similar management philosophies, cultures and values. This lays a very profound and solid foundation for our two companies to join together at a perfect time and with a perfect match to cope with the demands and challenges of keeping pace with a fast-growing new generation of optical switching technology.
