Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
© jackie egginton dreamstime.com Electronics Production | January 27, 2017

Belden to divest its Mobile Machine Control Solutions business

Belden Inc. has reached an agreement in principle to sell its Mobile Machine Control Solutions (MCS) business, including a 50% interest in a Chinese joint venture.
Both serve the mobile working machines industry. The buyer, WIKA Group – an industrial measurement technology company – will pay consideration of approximately USD 39 million, subject to customary post-closing adjustments.

The transaction is as usual subject to customary closing conditions, including regulatory clearance, and is expected to close in the second fiscal quarter.

The MCS business is a part of the company’s Industrial Connectivity platform, and the joint venture is an equity method investment within its consolidated results.

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.
Ad
Ad
Ad
Ad
Load more news
October 16 2017 2:56 PM V8.8.6-2