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Article: GE Fanuc Embedded Systems To Acquire SBS Technologies; Combination Creates Broad Offering To Meet Customer Demand.
- Article from:
- Business Wire
- Article date:
- March 20, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CHARLOTTESVILLE, Va. & ALBUQUERQUE, N.M. -- GE Fanuc Embedded Systems, a unit of General Electric Company (NYSE:GE), and SBS Technologies(R), Inc. (Nasdaq:SBSE) announced today that GE Fanuc Embedded Systems has agreed to acquire SBS Technologies, a designer of open architecture embedded computer products that enable original equipment manufacturers to serve commercial, communication and government customers. Pursuant to the transaction, SBS Technologies shareholders will receive $16.50 per share payable in cash, for a total consideration of approximately $215 million, net of SBS Technologies' cash and equivalents.
The combination of SBS Technologies and GE Fanuc ...