Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 32 n° 15

Posts Tagged ‘avx corporation’

AVX Completes Its Purchase of Kumatec

Posted by fidest press agency su giovedì, 3 maggio 2018

AVX Corporation (NYSE: AVX) today announced that its subsidiary, AVX Interconnect Europe GmbH (“AVX Interconnect”), a limited liability company under German law, has completed the share purchase of the previously announced acquisition of KUMATEC Sondermaschinenbau & Kunststoffverarbeitung GmbH (“Kumatec”), a limited liability company under German law, for a consideration of approximately EUR $12.5 million, subject to customary post-closing adjustments.
The purchase includes Kumatec’s 50% interest in KUMATEC Hydrogen GmbH Co. KG, a limited liability partnership under German law, which was recently spun out of Kumatec. The purpose of the partnership is the development, marketing and supply of hydrogen fuel generation and delivery solutions and other related services. After closing, the partnership will be renamed AVX/KUMATEC Hydrogen GmbH Co. KG.John Sarvis, President and Chief Executive Officer of AVX Corporation, stated, “The addition of Kumatec, including the joint venture in the hydrogen business, expands our manufacturing capabilities and provides us new business opportunities.” AVX is a leading worldwide manufacturer, supplier, and reseller of a broad line of electronic components and interconnect, sensing and control devices and related products. AVX’s components can be found in products manufactured in a very broad range of industries worldwide. AVX is headquartered in Fountain Inn, SC. AVX can be found on the Internet at http://www.avx.com.

Posted in Estero/world news | Contrassegnato da tag: , , | Leave a Comment »