Estel Welcomes New CTO, Announces Strategic Expansion into Stockholm
Press Release
Stockholm, Sweden - 18th september 2024 — Estel is delighted to announce the appointment of Magnus Olson as the company's new Chief Technology Officer (CTO). This strategic move aligns with Estel's commitment to advancing European sovereignty in technology and innovation, particularly in the telecom, datacom, and space sectors.
Empowering Local Manufacturing
With a rising demand for local vendors among European companies, there has never been a more opportune moment to bring pluggable manufacturing back to Europe. Estel is proud to lead this initiative with its state-of-the-art production line in Belgium, where our high-quality optical transceivers are already being manufactured.
A New Chapter in Stockholm
Our new CTO, Magnus Olson , brings a wealth of experience and vision to Estel. "I am very excited to join Estel as CTO," says Magnus Olson. "Stockholm, my hometown, is the perfect location for pluggable R&D, with its rich legacy in advanced optics development from industry giants like Ericsson, Finisar, and Infinera. I am humbled by the opportunity to build on this strong foundation and establish our R&D site here."
This new R&D center in Stockholm will focus on pioneering advancements in optical technology, thereby reinforcing Estel's position as a leader in the industry. The Stockholm facility will complement our existing production capabilities in Belgium, ensuring a seamless integration of R&D and manufacturing.
About Estel
Estel is a leading innovator in the field of optical transceivers, dedicated to enhancing European technological sovereignty and innovation. With a fully operational production line in Belgium and a newly established R&D center in Stockholm, Estel is well-positioned to meet the evolving needs of the telecom, datacom, and space sectors.
For more information about Estel and our latest developments, please visit www.e-s-tel.com.