BC-FIT Press Release
September 8th 2015
To our valued customers and other stakeholders,
Blu-Castle S.A. (“Blu-Castle”) is pleased to announce that Foxconn Interconnect Technology, Ltd., (“FIT”), a wholly owned subsidiary of Hon Hai Precision Industry Co., Ltd., (“Hon Hai”) the largest consumer electronics manufacturer in the world, has acquired a stake in Blu-Castle SA, a European company that distributes telecommunications products to Carriers across Europe, Middle East and Latin-America. With this transaction, Foxconn relies on Blu-Castle’s strengths and experience to reinforce its positioning within these markets.
Since September 1st 2015, Blu-Castle improves its operational capabilities through the agreement reached with FIT, one of the top interconnect companies worldwide. This agreement will enable Blu-Castle to consolidate and expand its business within its natural action areas, as well as allowing FIT to access and consolidate its leading position in new markets.
The agreement covers a wide portfolio of telecommunication devices (both active and passive) for enterprise and residential environments. In particular fiber optics products, connectors, antennas, acoustic components, cables and modules for applications in computers, communication equipment and consumer electronics.
“I am thrilled to move ahead in this partnership because now we can couple our full knowledge of the ecosystem (silicon-carriers) and the fact that we are extremely cost effective with the endorsement of the biggest technological group in the world that will allow Blu-Castle to unleash its potential. Also the recent announcements of FIT with the acquisition of the subsystem products assets from Avago will enhance our product line as well,” says Blu-Castle’s CEO Harold Fitch.
“It is my belief, this partnership will be rewarding for both Blu-Castle and FIT,” states FIT’s COO Ralph Gillespie.
Blu-Castle is a leading supplier of residential and business telecommunications equipment and software to service providers and telecommunications companies around the world. Blu-Castle develops products to meet the requirements of its customers and the needs of their subscribers, delivering fully configured solutions backed up by a strong local support. For more information regarding Blu-Castle, please see: http://www.blu-castle.com/company/about-us.
FIT is headquartered in Taipei, Taiwan and has over 70,000 employees worldwide. FIT is led by CEO Sidney Lu, and is ranked among the top interconnect companies worldwide by revenue. FIT recently announced the acquisition of the subsystems products and related assets of the Fiber Optics Product Division of Avago Technologies limited. A team of over 900 Avago employees, including highly talented engineers and seasoned marketing professionals located in San Jose, CA, Breinigsville, PA, and Singapore, and a manufacturing team located in Mexico will become part of a newly created FIT Fiber Optics components unit. For more information regarding FIT, please see: http://www.fit-foxconn.com/Careers/Home/CompanyProfile.