News
MUNICH -- Guenter Lauber has been named president of Siemens Automation & Drives's electronics assembly systems division.
He succeeds Tilo Brandis, who will move to the U.S. to become president of PLM software supplier UGS, which Siemens acquired last quarter for $3.5 billion.
He succeeds Tilo Brandis, who will move to the U.S. to become president of PLM software supplier UGS, which Siemens acquired last quarter for $3.5 billion.
PEMBROKE, BERMUDA – Tyco International Ltd. today announced it will establish nearly $3 billion in a cash fund for payment of plaintiffs’ claims in the consolidated securities class action cases, involving former executives, including ex-CEO Dennis Kozlowksi. The settlement is subject to court approval.
SPOKANE, WA – EMS provider Key Tronic Corporation announced that it completed the sale of its Las Cruces, New Mexico facility on May 11 with Adevco Corporation.
The total sale price was approximately $4.3 million.
Key Tronic received approximately $2.8 million in cash and a $1.5 million note. The note is for excess land covered by a flood zone designation.
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