Private equity firm HIG Capital has sold Fibercore to Humanetics Innovative Solutions, a portfolio company of Golden Gate Capital.
Terms of the transaction have not been disclosed.
Fibercore, based in the UK, is a world leader in the design and manufacture of specialty optical fibre and offers the industry’s most comprehensive suite of specialty fibre products serving multiple high-growth end-markets, including use in aerospace & defence, oil & gas, and biomedical applications.
Founded over 30 years ago, Fibercore works with some of the world's largest companies assisting in the development of new optical fibre technologies.
Carl Harring, managing director at HIG Capital, says: “Fibercore has always been an industry leader. 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. Today, Fibercore sits at the heart of the industrial Internet of Things revolution with applications ranging from driverless cars to remote operating robots relying on the company's leading edge technology. Humanetics is a natural home for the business and we wish the combination every success.”
Chris Emslie, CEO of Fibercore says: “I would like to thank HIG for their assistance in the development of Fibercore since 2011 and their support of the management team. 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.”
