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ALSTOM Sells US Robotics Unit.


Business Editors/High-Tech Writers

WINDSOR, Conn.--(BUSINESS WIRE)--Oct. 10, 2003

ALSTOM has sold its Robotics business located in Davis, California Davis is a city in Yolo County, California, United States. As of the local census, the city had a total population of 64,821 (60,308 in 2000). Davis is well known in the state of California as being a socially and environmentally conscious university, bike, and railroad town, home  in a management buyout Management buyout (MBO)

Leveraged buyout whereby the acquiring group is led by the firm's management.


management buyout

See going private.
. ALSTOM Schilling Robotics is a leading supplier of underwater telerobotic manipulator systems for remotely operated vehicles (ROVs) and cable trenching machines used in offshore oil, telecommunications, scientific, and military operations This is a list of missions, operations, and projects. Missions in support of other missions are not listed independently. World War I
''See also List of military engagements of World War I
  • Albion (1917)
. The company also has a standard line of remote systems products.

The company, which has annual sales of USD USD

In currencies, this is the abbreviation for the U.S. Dollar.

Notes:
The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion.
 15 million and employs 55 people, was sold to Schilling Robotics.
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Publication:Business Wire
Geographic Code:1USA
Date:Oct 10, 2003
Words:85
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