Ad
Ad
Ad
Ad
Electronics Production | April 23, 2010

Flextronics & Friwo to settle out of court

Friwo AG (formerly CEAG AG) and the EMS-provider Flextronics will most likely end their open arbitration through a settlement deal.
Flextronics purchased the former Friwo business unit Friwo Mobile Power (FMP) and subsequently raised claims of EUR 6.8 million, stating a breach of warranties under the purchase agreement.

The proposed settlement provides that Friwo will pay will pay around EUR 3 million to Flextronics and all warrenty claims stemming from the purchase will be satisfied.
Ad
Ad
Load more news
January 17 2019 2:20 pm V11.11.0-1