Satcon Sheds Electronics Unit
Published: 30 September 2008
by Mike Buetow
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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