Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
08
February
2008

Flextronics acquires Friwo

Germany based CEAG AG, an international manufacturer of power supplies and chargers, is selling the FRIWO Mobile Power (FMP) business unit to a subsidiary of Singapore based Flextronics International Ltd.
The purchase price amounts to EUR 57.5 million on a cash-free/debt-free basis and is subject to customary working capital adjustments which could reduce the net proceeds CEAG will receive. The transaction is subject to the approval of the competent antitrust authorities and other customary closing conditions and is expected to close during the first half of 2008.

Following the sale of its FMP business unit, CEAG will focus on its remaining FRIWO Power Solutions business unit.
Read comments for this article

Comments

Please note the following: Critical comments are allowed and even encouraged. Discussions are welcome. Verbal abuse, insults and racist / homophobic remarks are not. Such comments will be removed.
Further details can be found here.
blog comments powered by Disqus
Ad
Ad
Ad
Ad
Load more news