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Article: Technitrol Completes Divestiture of Medtech Components Business.
- Article from:
- Mining & Minerals
- Article date:
- July 10, 2009
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Technitrol, Inc. (NYSE: TNL) announced that the company has completed the previously announced sale of its Medtech components business ("Medtech") to Altor Fund III ("Altor"). The sale price was approximately $200 million in cash. Medtech includes the former Sonion A/S's balanced armature receivers, high-end microphones and electromechanical devices for the hearing aid, high-end audio headset and medical device markets. Remaining with Technitrol will be the former Sonion business engaged in high-volume transducers mainly for speakers used in cell phones and similar communication devices.
Net proceeds from the divestiture are being applied to reduce Technitrol's ...
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Article: Technitrol to Acquire European Automotive Electronics ...
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