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Solectron to Sell Sensor Products Business to Schneider Electric
April 5, 2004 |Estimated reading time: Less than a minute
Milpitas, Calif. — Solectron Corp. signed a definitive agreement to sell its Kavlico sensor products business to Schneider Electric, an international manufacturer of electrical distribution, industrial control and automation equipment, for approximately $195 million in cash.
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 the 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.