Solectron selling sensors business to Schneider Electric
Milpitas, CA—Solectron Corp. recently agreed to sell its Kavlico sensor products business to Schneider Electric for approximately $195 million in cash.
Milpitas, CA— Solectron Corp. recently agreed to sell its Kavlico sensor products business to Schneider Electric for approximately $195 million in cash. The transaction is part of the Solectron's previously announced plan to sell certain assets that are not central to its future strategy.
Kavlico designs, manufactures and markets precision measurement and control devices, including pressure, force, position and multi-function sensors that are integral to advanced electronics systems in the automotive, industrial and aerospace markets.
Solectron provides manufacturing and integrated supply chain services to electronics companies. Solectron's services include new-product design and introduction services, materials management, high-tech product manufacturing, and product warranty and end-of-life support. The company had sales from continuing operations of $9.8 billion in fiscal 2003.
Control Engineering Daily News Desk
Jim Montague, news editor
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