FREMONT, Calif., Feb. 9 -- Gemfire Corp. of Fremont has signed an agreement to acquire a Scotland-based unit of Avanex Corp. -- also of Fremont -- for an undisclosed sum. Under the terms of the deal, Gemfire will acquire Avanex's silica planar lightwave circuit (PLC) unit based in Livingston, Scotland. Gemfire will acquire all outstanding capital stock of the UK subsidiary of Avanex, which in turn will acquire a minority equity interest in GC Holdings, Gemfire's parent company. The companies said the transaction is expected to close this quarter and is subject to customary closing conditions....Read full articleRelated content from Photonics MediaArticlesCombined iXblue-ECA Group Company Takes New Name: Week in Brief: 10/21/22Following Group Gorgé’s acquisition of iXblue last month, ECA Group and iXblue announced that both companies will operate under the common brand name Exail. 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