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Title: Emerson to Buy Motorola's Embedded Computing Business Post by: Alex on September 28, 2007, 09:28:33 PM Emerson to Buy Motorola's Embedded Computing Business
In an announcement made today, electrical device maker Emerson Electric Co. has agreed to pay $350 million in cash for cell-phone maker Motorola Inc.'s embedded communications computing business, a division of Motorola which recorded $520 million in revenue last year, or just over 1% of the company's total sales. The transaction is expected to be finished by the end of the year; once it closes, the unit will become part of Emerson Network Power. The move comes after Emerson acquired an embedded computing business as part of its purchase of Artesyn Technologies last year. View: Full Story on SiliconValley.com Read full story... http://feeds.feedburner.com/~r/neowin-main/~3/162630325/index.php |