M-Flex agrees to buy Applied Optics' assets for $6.3 million

Multi-Fineline Electronix Inc., which specializes in flexible printed circuit and value-added component assembly, has agreed to purchase the assets of Applied Image Group’s Applied Optics subsidiary for $6.3 million in cash.

Applied Optics designs and manufactures optical and photonic imaging solutions, applications for which include automotive safety sensors and rear-view imaging cameras.