News
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.
SUZHOU -- SMT equipment OEM Essemtec today announced the opening of a customer training and demo center here. The site, which opened earlier this year, is equipped with multiple lines of production equipment and is operated by Essemtec’s local distributor Smart Technology Ltd.
BERWYN, PA – Tyco Electronics said it has finalized two previously announced sales, netting about $470 million.
The firm sold its radio frequency components and subsystem unit to Cobham Defense Electronic Systems and its automotive radar sensors unit to Autoliv Inc.
The sales closed Friday, the company said.
The firm sold its radio frequency components and subsystem unit to Cobham Defense Electronic Systems and its automotive radar sensors unit to Autoliv Inc.
The sales closed Friday, the company said.
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