Flextronics with request for arbitrations from CEAG
CEAG is alleged to have violated guarantees - from the sale of the former business unit FRIWO Mobile Power (FMP) to a subsidiary of Singapore-based Flextronics International.
The CEAG AG has received a request for arbitration. The alleged violation of the guarantees stems from the share purchase agreement and the amount in dispute is €6 million. The CEAG AG will now carefully examine the extent to which the application is admissible and if the material is well founded, a press release states.
Legal Notice
This article has been edited and published by Evertiq New Media AB. Copying or re-publishing of this news item without permission from Evertiq New Media AB may lead to prosecution. The same applies for the headline.
This article has been edited and published by Evertiq New Media AB. Copying or re-publishing of this news item without permission from Evertiq New Media AB may lead to prosecution. The same applies for the headline.
Seho appoints new Technical Director
Thomas Herz is assuming the duties of Technical Director for the Selective Soldering Department at Seho Systems, effective immediately, the company announced today.
Ad
© America II
Exclusive Interview
'Europe is still a growth opportunity'
What is Europe to an independent distributor like America II? A growth opportunity of course.
©alexander-podshivalov-dreamstime.com
Endicott partners with Eltek in Israel
Endicott Interconnect Technologies, Inc. has appointed Eltek as its sales partner for Israel.
©tom_schmucker-dreamstime.com
Cliff Electronics wins US counterfeit case
More News
- Fabrinet Q2 net income drops 310% YOY
- TRaC expands test facilities
- Cms electronics uses Assembléon’s equipment
- Korean defense manufacturers fined for cartel
- The end for Nokia's Salo factory?
- Indian joint venture aims at hi-tech cluster
- Es-system to light Aarhus Harbour
- Incap signs solar deal
- GPV moves into medical electronics
- Balda shareholder Octavian suffers loss at court
- Teardown: Samsung cuts LTE cost in half
- Teleplan to provide After-Market Service solution for Lenovo
- Matti Paasila resigns from Cencorp's Board of Directors
- Is 2012 a recession year?
- Fineline distributes FTG
- Carcinogens found at Samsung factory
- CT Production invests in AOI technology
- Printca is bankrupt
- Mitsubishi Motors ends vehicle production in Western Europe
- RiverSide Electronics purchases new SMT equipment
- Micron CEO dies in plane crash
- Torsten Pelzer heads Viscom Sales
- Huawei opens unit in Hungary
- Rohde & Schwarz and Hameg Instruments consolidate cooperation
- Inside the Asus AMD 7970 graphics card
- AU Optronics & Idemitsu Kosan collaborate
- Kimball complete Welsh & Californian closures in 2Q
- Bosch plans new Romanian factory
- Dynamic EMS invests in test equipment
- Thales Australia axes 50 jobs
- Sales down for Benchmark in 4Q
- Viscom sells Desktop AOI to Mosca Elektronik
- De'Longhi & Bosch add staff in Romania
- Xenterio close down in Offenburg
- Mikron acquires IMA Automation Berlin
- EMS: M&A activity down in 2011
- Multitest supplies Asian high volume test site
- Carl Zeiss adds in South Korea
- Goepel and WIN-TEK partner in Italy
- LG net loss narrows on back of mobile sales
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.