Acquisition of Marconi's Network Components &Services Business - Europe and China - by Viasystems for US$115 Million.Business Editors ST. LOUIS--(BUSINESS WIRE)--Jan. 25, 2000 Viasystems Group, Inc. and Marconi plc today announced the sale of Marconi's Network Components &Services business in Europe and China (&uot;NC&&uot;) for US$115 million. NC& was acquired by Marconi as part of its acquisition of Reltec Corporation in April 1999. NC& is a leading European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. and Chinese manufacturer of enclosures, electro-mechanical assemblies and sub-assemblies designed for the telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. marketplace. NC&' products include integrated enclosures, racks, sub-racks, heat management systems, cable assemblies and customised power supplies. NC& has facilities in the United Kingdom, Italy and China as well as joint venture facilities in Denmark and the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The sale of NC& is consistent with Marconi's strategy to focus on its core business in high technology transmission and access markets. NC& will benefit from being part of a leading electronics manufacturing This article presents a typical manufacturing process of an electronic assembly. Component manufacturing Components such as resistors, capacitors and integrated circuits are generally made by specialized contractors. service provider. NC& will continue to supply certain products to Marconi pursuant to a supply arrangement. The transaction is subject to regulatory approvals and other customary conditions and is expected to complete prior to March 31, 2000. The consideration is to be paid in cash on completion. Viasystems is a leading worldwide independent provider of electronics manufacturing services Electronic manufacturing services (EMS) is term used for companies that design, test, manufacture, distribute and provide return/repair services for electronic component and assemblies for original equipment manufacturers (OEMs). and was formed in 1996 by the investment firm of Hicks Hicks , Edward 1780-1849. American painter of primitive works, notably The Peaceable Kingdom, of which nearly 100 versions exist. , Muse, Tate &Furst Incorporated and its management partner, Mills &Partners, Inc. Headquartered in St. Louis, Missouri, the United States, Viasystems operates manufacturing facilities worldwide, supplying customers primarily in the telecommunications and networking industries. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion