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Article: Ericsson Sells Technology Center for Printed Circuit Boards in Kumla to Multek Inc.
- Article from:
- Business Wire
- Article date:
- October 9, 2000
CopyrightCOPYRIGHT 2000 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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Business Editors/High-Tech Writers
STOCKHOLM, Sweden--(BUSINESS WIRE)--Oct. 9, 2000
Ericsson (NASDAQ:ERICY) has signed a letter of intent regarding the sale of its Technology Center for printed circuit boards in Kumla to the US company Multek Inc. The divested operation employs approximately 300 persons dedicated to the development of technology and production.
The sale is a part of Ericsson's continued focusing on core operations. All affected employees are being offered new jobs with the purchasing company. Multek is a subsidiary of Flextronics International Inc.
"The sale of the printed circuit boards unit in Kumla is part of the ...