|
|
Article: American Auto-Matrix and SGX-Listed CNA, Ltd. Consolidate their Position in Overseas Control and Automation Market through Strategic Deal.
- Article from:
- PR Newswire
- Article date:
- July 8, 2008
CopyrightCOPYRIGHT 2008 PR Newswire Association LLC. 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)
|
EXPORT, Pa., July 8 /PRNewswire/ -- Jordan Acquisition Group, LLC ("JAG"), d/b/a American Auto-Matrix ("AAM") announced today that it has finalized a deal with SGX Mainboard-listed CNA Group Ltd., ("CNA" or "the Group") that will accelerate growth through a strategic focus on developing control and automation ("C&A") business in international markets.
In this objective of overseas expansion, American Auto-Matrix and CNA have signed an agreement through the Dubai-based subsidiary of the Group, CNA Integrated Technologies, LLC ("CNA IT") to acquire a 26% stake in US-based American Auto-Matrix ("AAM"), a developer and manufacturer of building automation systems ...