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Satcon Sheds Electronics Unit |
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Written by Mike Buetow
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Tuesday, 30 September 2008 |
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MARLBOROUGH, MA – Satcon Technology Corp. sold its electronics
business unit to Spectrum Microwave for an undisclosed sum.
The company did reveal the combined proceeds from the sale of
the electronics division and its motors unit, which was sold in a separate
deal, totaled $5.6 million.
The electronics group designs and builds power circuitry for
communications, aerospace, industrial and defense applications. Its annual
revenues are roughly $10 million.
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