Search
Menu
PI Physik Instrumente - Fast Steering LB LW 11/24

Marconi to Sell Marconi Commerce Systems

Facebook X LinkedIn Email
LONDON, Dec. 21 -- Marconi Plc announced it has reached an agreement to sell its wholly owned subsidiary, Marconi Commerce Systems, to Danaher Corp. for $325 million (approximately 225 million pounds) in cash. The transaction, subject to regulatory approvals, is expected to close in early 2002.

"This transaction represents a major milestone in our ongoing program to focus on our core communications business and generate over 500 million pounds in cash, by March 2002, from our noncore asset portfolio," said Marconi's CEO, Mike Parton.

Alluxa - Optical Coatings MR 8/23

Published: December 2001
CommunicationsNews & Features

We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.