Our New York and Milan offices represented MRV Communications, Inc., a global provider of packet and optical networking solutions, in its sale of Tecnonet S.p.A, its Network Integration subsidiary based in Rome, Italy, to Maticmind S.p.A. based in Milan, Italy, for a total consideration of €19.7 million or approximately US$21.5 million.
The sale of the Network Integration business will enable MRV Communications to focus all of its energy on becoming an end-to-end packet and optical networking solutions provider.
This transaction, approved by MRV Communication, Inc.’s shareholders, closed on December 7, 2015.
New York partner-in-charge Steve Suzzan and New York partner Warren Nimetz led our US corporate, M&A and securities team, with assistance from New York senior counsel William Stelwagon and New York associate Jared Campbell.
Other Norton Rose Fulbright lawyers providing support in Italy included Milan partner Nicolò Juvara, with assistance from Milan of counsel Cristina Gabardi and Milan associate Priscilla Cremaschi.