The carve-out will see Marlin set up the business as a new company in Germany in an attempt to build a market leader in the fragmented optical networking sector.
NSN made the sale as part of its strategic focus on mobile broadband.
Marlin co-founder and partner Nick Kaiser said, “We are making a major commitment to this sector, and have significant capital under management that we intend to use as a catalyst for consolidation.”
Up to 1,900 employees – mainly in Germany, Portugal and China – are expected to transfer to the new company when the transaction closes, which is slated for the first quarter of 2013.
In April Marlin also bought the mediation and messaging product business of Openwave systems, the company which claims to have invented the mobile internet.
The firm renamed the businesses Openwave Mobility and Openwave Messaging when the deal was completed a month later.
Copyright © 2012 AltAssets