BOC Edwards acquired.London, England 3/12/07--Linde has sold BOC (Bell Operating Company) One of 22 companies that was formerly part of AT&T and later organized into seven regional companies. See RBOC. Edwards's vacuum and semiconductor businesses to private equity firm CCMP CCMP Comprehensive Conservation and Management Plan CCMP Counter-Mode/CBC-Mac Protocol (IEEE 802.11I encryption algorithm) CCMP Capacitively Coupled Microwave Plasma CCMP Coalition of Concerned Medical Professionals Capital for [epsilon]685 million ($901.1 million). BOC Edwards is a supplier of vacuum systems vacuum system Urology A mechanical system used to facilitate and maintain an erection; an erection erector. Cf Penile implant. to analytical instrumentation companies, among other industries. "This is the start of a new independent era for BOC Edwards in which we can focus on delivering world class products and services to our customers," said BOC Edwards Chief Executive Nigel Hunton. CCMP Capital Advisors' Stephen Welton commented, "We believe that under CCMP's ownership BOC Edwards can move to a new level as an independent company and develop its technology in new markets whilst retaining leadership in its core areas." The transaction is expected to close by the end of June. Linde acquired BOC last year (see IBO Ibo: see Igbo. 3/15/06) and stated that it planned to divest To deprive or take away. Divest is usually used in reference to the relinquishment of authority, power, property, or title. If, for example, an individual is disinherited, he or she is divested of the right to inherit money. BOC Edwards's components business (see IBO 9/15/06) but retain BOC Edwards's bulk business and electronic gas business. BOC Edwards's components business recorded sales of 306 million ($382.5 million) in 2006. It is a major supplier of vacuum products to analytical instrument companies. |
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