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Electronics Production | December 28, 2007

Flomerics sells its EM business

CST acquires Flomerics electromagnetic simulation software business for £1.6 million.

Flomerics Group plc is selling its electromagnetic (EM) simulation software business to the German company Computer Simulation Technology GmbH for £1.6million. The purchase will be effective Jan 1, 2008 and be subject to the financial results of the EM business for the year ended Dec 31 2007 and other normal terms and conditions.
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