Solectron sells Force Computers to Motorola; closes Kavlico sale to Schneider Electric
Milpitas, CA—Solectron Corp. has agreed to sell its Force Computers embedded computing business to Motorola Inc.
Milpitas, CA— Solectron Corp. has agreed to sell its Force Computers embedded computing business to Motorola Inc. The two companies expect the transaction to close in the third quarter of 2004 (3Q04). Terms of the deal were not disclosed.
After the sale is approved and closes, Motorola plans to integrate Force into its Motorola Computer Group (MCG). Force and MCG both provide embedded computing products and services to OEMs in many applications.
This transaction is part of Solectron's previously announced plan to sell certain assets that are not central to its future strategy.
Solectron provides manufacturing and integrated supply chain services to high-tech electronics companies worldwide. The company provides new-product design and introduction services, materials management, high-tech product manufacturing, and product warranty and end-of-life support. Solectron had sales of $9.8 billion in fiscal 2003.
Solectron recently completed the sale of its Kavlico sensor products business to Schneider Electric for about $195 million. 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.
Control Engineering Daily News Desk
Jim Montague, news editor