INCJ to Buy 42% of Nistica from Fujikura

The Innovation Network of Corporation of Japan (INCJ) announced that it will acquire 42% of Nistica, a US-based company that supplies wavelength selective switches to network equipment manufacturers, from Fujikura Ltd. Fujikura has been investing in Nistica since 2007 and had acquired the majority in April 2012. Fujikura will continue its 52% ownership alongside with INCJ (42%) and NTT Electronics Corp (6%).  The transaction value was not disclosed.