Kaiam Europe Limited (03517183): administration
- Status
- Administration ended
- Administration began
- 2018-12-21
- Administrators' firm
- KPMG
- Formerly
- Gemfire Europe Limited; Avanex U.K. Limited; Alcatel Optronics UK Limited; Kymata Limited
- Incorporated
- 1998-02-20
- Location
- London
- Industry
- 61900 Other telecommunications activities
Why it went into administration
- Competition / price pressure
- Cash flow / liquidity pressure
- Funding withdrawn / unable to refinance
- Sustained trading losses
- Parent or group failure
From the administrators' statement
Established in 1998, KEL is a market-leading manufacturer of parts used for high speed data transfer in data centres. KEL is based in Livingston, West Lothian, and operates from stateof-the-art manufacturing premises, which are owned by its subsidiary KUL. KEL is a subsidiary of Kaiam Corporation, a US-based organisation, founded by Bardia Pezeshki in early 2009 to develop optical transceivers for use within the optical networking industry.
The Kaiam group structure shortly before the administration date is set out below:
Kaiam Corp (Delaware corporation)
Administrators' statement of proposals (2019-03-05) · Companies House register