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Solectron Completes Divestiture of Sensor Products Business
May 28, 2004 |Estimated reading time: Less than a minute
Milpitas, Calif. — Solectron Corp. has completed the sale of its Kavlico sensor products business to Schneider Electric, an international manufacturer of electrical distribution, industrial control and automation equipment.
The sale was completed based on the terms previously disclosed.
Kavlico designs, manufactures and markets precision measurement and control devices, including pressure, force, position and multi-function sensors that are integral to advanced electronics systems in the automotive, industrial and aerospace markets.
The transaction is part of Solectron's previously announced plan to sell certain assets that are not central to its future strategy.
Solectron Corp. provides a full range of worldwide manufacturing and integrated supply chain services to the world's premier high-tech electronics companies. For more information, visit www.solectron.com.