C&D Technologies Completes Sale of Power Electronics Division to Murata ManufacturingSeptember 05, 2007 by Jeff Shepard
C&D Technologies announced the completion of the sale of its Power Electronics Division (PED) to Murata Manufacturing Co., Ltd. of Japan (Murata) for $85 million cash, subject to working capital adjustments. The agreement to sell this business was previously announced in June.
Murata is a leading providers of ceramic-based components, sensors and integrated electronic modules, including power supplies. The company, headquartered in Kyoto, Japan, has over 30,000 employees worldwide and over $4 billion in annual sales.