Ericsson to Sell Operations to Chatham Technologies.STOCKHOLM, Sweden--(BUSINESS WIRE)--March 27, 1998--Ericsson Telecom AB has signed a preliminary agreement and is now entering into final negotiations with Chatham Technologies Inc., of Dallas, Texas “Dallas” redirects here. For other uses, see Dallas (disambiguation). The City of Dallas (pronounced [ˈdæl.əs] or [ˈdæl. , concerning the possible acquisition by Chatham of Ericsson's cabinet operations in Spain, Croatia and Mexico. Final agreements are expected to be signed during April 1998. Subject to the final agreements, Chatham will take over the complete ongoing operations, and offer employment to all 470 personnel presently engaged in the cabinet operations at the three locations. The outsourcing of these three cabinet operations is a part of the concentration on core business within Ericsson Business Area Infocom Systems, and is part of the previously announced reduction by 5,000 people within Infocom Systems' manufacturing operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations. . Ericsson Infocom Systems has already outsourced all its cabinet manufacturing in Sweden to Segerstrvm & Svensson, in total some 500 employees. "We have been looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. a strong, global provider of cabinets to take over these units. The operations in Spain, Croatia and Mexico have better prospects of development as a part of Chatham," said Hans Ahlinder, head of Sourcing within Ericsson Business Area Infocom Systems. "Ericsson, which is a major customer of ours, is strategically divesting operations that do not pertain to pertain to verb relate to, concern, refer to, regard, be part of, belong to, apply to, bear on, befit, be relevant to, be appropriate to, appertain to its core business. As a result both parties will gain significantly from the acquisitions," said B. William Binnivier, Chief Executive Officer of Chatham Technologies. Ericsson's cabinet operations in Madrid, Zagreb and Mexico City Mexico City Spanish Ciudad de México City (pop., 2000: city, 8,605,239; 2003 metro. area est., 18,660,000), capital of Mexico. Located at an elevation of 7,350 ft (2,240 m), it is officially coterminous with the Federal District, which occupies 571 sq mi manufacture electronic cabinets, primarily for AXE switches for the local markets and, to some extent, for export. Ericsson's 100,000 employees are active in more than 130 countries. Their combined expertise in fixed and mobile networks, mobile phones and infocom systems makes Ericsson a world-leading supplier in telecommunications. An affiliate of Kidd & Company, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , of Greenwich, Conn., Chatham Technologies is the world's leading supplier of custom enclosures (cabinets) and vertically integrated value-added services to the telecommunications and other emerging technology markets. Chatham has a local Swedish presence with its association with Swedform AB of Skillingaryd. CONTACT: Ericsson, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Kathy Egan Per Bengtsson 212/685-4030 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion