21 June 2007
Murata picks up C&D’s power electronics business
C&D Technologies has sold its power electronics division to Murata for $85million cash.
Dr William Bachrach, general manager of the division, commented: “This transaction allows the division to bring a broader range of products to our existing customers, enables a new range of customers for our existing products and will improve our overall global competitiveness. Our combination with Murata provides a powerful platform for the future.” C&D’s power electronics division manufactures dc/dc converters, ac/dc power supplies, magnetics, data acquisition devices and panel meters.
According to C&D’s president and ceo Dr Jeffrey Graves, cash from the sale will be used for balance sheet purposes, as well as to ‘fund important cost reduction programmes’.
Author
Graham Pitcher
Supporting Information
Websites
http://www.cdtechno.com
http://www.murata.com
Companies
Murata Electronics (UK) Ltd
Murata Power Solutions (Milton Keynes)
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