Switzerland
ABB pays $495M for 51% of APAC low-voltage JV with Mitsubishi Electric
ABB will pay JPY79 billion ($495 million) for a controlling 51 percent stake in a new Asia-Pacific low-voltage joint venture with Mitsubishi Electric’s power distribution business.
Switzerland’s Cicor to acquire Malaysia factory of Singapore’s EDMI in $20M deal, targets $50M annual revenue
Switzerland's Cicor Group (SIX: CICN), a contract electronics manufacturer, will acquire EDMI Electronics Sdn. Bhd. in Johor, Malaysia, which is in turn a manufacturing subsidiary of Singapore-headquartered smart metering company EDMI Limited, for $15 million-$20 million.
