SANTA CLARA, Calif., Feb. 17, 2016 /PRNewswire/ -- Foxconn Interconnect Technology, Ltd., ("FIT"), a wholly owned subsidiary of Hon Hai Precision Industry Co., Ltd., ("Hon Hai"), is pleased to announce an investment in BLU-CASTLE, S.A., ("Blu-Castle"), a leading supplier of telecommunications networking equipment and software. FIT, a worldwide leader in the fiber-optics and connector industry, will tap new customers and gain access to new markets through this link with Blu-Castle. Those links will include access to Blu-Castle's distribution networks throughout Europe and Latin America.
Yan Margulis, FIT VP of Sales and Marketing for the Americas and Europe, said, "We are very excited to partner with Blu-Castle. Working hand-in-hand with Blu-Castle's proven distribution network, we will reinforce our leadership position through greater sales exposure to new markets and new geographies for our cutting-edge fiber optics and connector products."
Harold Fitch, CEO of Blu-Castle, said, "Blu-Castle is proud to join the FIT, and larger Hon Hai family. This investment will create a synergy that will be beneficial for both our companies and our customers. Our goal is to bring the best in fiber optics and cable connectors to new markets in Europe and Latin America."
As a result of the investment, FIT will obtain seats on the Blu-Castle Board of Directors. The investment will allow FIT to enhance its product and service offerings to better meet the needs and requirements of customers in new markets while creating greater synergy in distribution and manufacturing that will enable FIT to augment its position as a leader in fiber optics and connector products worldwide.
About Foxconn Interconnect Technology
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. For more information regarding FIT, please see: http://www.fit-foxconn.com.
BLU-CASTLE, S.A., a European company based in Madrid distributes telecommunications products to carriers across Europe, Middle East and Latin-America. 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.
Further information regarding this can be obtained from each company as follows:
Sr. Director of FIT Public Relations – US & EU
Foxconn Interconnect Technology, Ltd. (FIT)
Chief Financial Officer
Av. Victoria, 25
2nd floor #15
28023 Madrid Spain.
Office.- +34 918260066
SOURCE Foxconn Interconnect Technology, Ltd.