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Solectron Completes Divestiture of SMART Modular Technologies Business
April 21, 2004 |Estimated reading time: Less than a minute
Milpitas and Fremont, Calif. — Solectron Corp. has completed the sale of SMART Modular Technologies Inc. and other affiliated SMART Modular Technologies companies to Texas Pacific Group, Francisco Partners and Shah Management.
The completion of the sale was accomplished based on the terms previously disclosed.
SMART Modular is a leading manufacturer of memory and communications products for the computing, networking and telecommunications industries. The transaction is part of Solectron's previously announced plan to sell certain assets that are not central to the company's 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.