Invensys Completes Cimnet Acquisition on Schedule and Will Integrate Acquisition Into Its Wonderware Business Unit
Wonderware is integrating Cimnet MES technology, using Invensys' ArchestrA industrial SOA, to accelerate MES software & solutions across Invensys units LONDON, UK - July 2, 2007 - Invensys-® today announced that it has completed the acquisition of Cimnet, Inc (OTC BB: CIMK), a Manufacturing Execution System ( MES ) software company based in Pennsylvania, USA, and this acquisition is now being...
Read More »Solomon Signs Letter of Intent to Acquire Unipower
TARPON SPRINGS, Fla., July 2 /-- Solomon Technologies, Inc. (BULLETIN BOARD: SOLM) announced today that it has signed a letter of intent to acquire Unipower Corporation, a Coral Springs, Florida based manufacturer of power supplies and related equipment for telecom, datacom, network equipment and industrial applications. Unipower is a leader in high-density, low profile and hot swap power system...
Read More »VWR International, Inc. Announces Completion of Acquisition by Madison Dearborn Partners
WEST CHESTER, Pa., June 29 /-- VWR International, Inc., a leader in the global laboratory supply industry, today announced that an affiliate of Madison Dearborn Partners (MDP) has completed the acquisition of the company. VWR announced on May 2, 2007 that its parent company, CDRV Investors, an affiliate of Clayton, Dubilier & Rice, had entered into a definitive agreement for the sale of the...
Read More »Steel Dynamics Completes Acquisition of the Techs
FORT WAYNE, Ind., July 2 /-- Steel Dynamics, Inc. (NASDAQ:STLD) today announced that it has completed the previously announced acquisition of The Techs, a Pennsylvania-based flat-rolled-steel galvanizing company. Steel Dynamics paid approximately $370 million for the company, inclusive of certain purchase price adjustments made at closing. Its operations consist of three facilities in the...
Read More »Newfield Exploration Completes Acquisition of Stone Energy's Rocky Mountain Assets
HOUSTON, June 29 / -- Newfield Exploration Company today announced the closing of its previously announced acquisition of Stone Energy's Rocky Mountain assets for $577.9 million. These assets increase Newfield's existing presence and provide an entry into large developments in many of the Rocky Mountain's most attractive areas. The acquisition was financed through borrowings under Newfield's...
Read More »Dynatronics Acquires Six Key Distributors
Company Revenues Projected to Jump 80 Percent SALT LAKE CITY, July 2 -- Dynatronics Corporation (NASDAQ:DYNT) today announced that on June 30, 2007 and July 2, 2007, Dynatronics acquired six of its key independent distributors; Rajala Therapy Sales Associates of Pleasanton, California; Responsive Providers, Inc. of Houston, Texas; Therapy and Health Care Products, Inc. of Girard, Ohio; Cyman...
Read More »Metals USA Announces Acquisition of Lynch Metals
HOUSTON, July 3 -- Metals USA Holdings Corp. ( Metals USA ) announced today the acquisition of Lynch Metals, Inc. and Lynch Metals of California, Inc. ( Lynch Metals ). Lynch Metals is a metal service center business that provides specialized aluminum processing capabilities to the aerospace and industrial equipment industries. The combination of Lynch Metals to the Metals USA footprint...
Read More »Tecumseh Products Company Announces Agreement to Sell the Majority of Its Electrical Components Operations to Regal Beloit Corporation
TECUMSEH, Mich., July 3 -- Tecumseh Products Company (Nasdaq: TECUA; TECUB) ( Tecumseh or the Company ) today announced that it has signed an agreement with Regal Beloit Corporation (NYSE:RBC), to sell to Regal Beloit the majority of Tecumseh's Electrical Components business operations for $220 million in cash, subject to customary adjustments at closing. The operations to be sold, principally...
Read More »Natural Gas Services Merges Wholly Owned Subsidiary Screw Compression Systems, Inc. into Natural Gas Services Group, Inc.
MIDLAND, Texas, July 2 -- Natural Gas Services (AMEX:NGS), a leading equipment and services provider to the oil and natural gas industry, announces that on June 19, 2007, the Board of Directors of Natural Gas Services Group, Inc. (NGS) voted to merge Screw Compression Systems, Inc., a Texas corporation and wholly-owned subsidiary of NGS, with and into NGS. On June 25, 2007, NGS entered into...
Read More »TMNG Global Announces Sale by Significant Stockholder in Private Transaction
OVERLAND PARK, Kan., July 2 -- TMNG Global (NASDAQ:TMNG), a leading provider of management consulting services to the global communications, media and entertainment industries, today announced that Behrman Capital has completed a privately negotiated transaction under which a group of investment firms acquired Behrman Capital's 34.9% interest in TMNG Global. TMNG was notified of the transaction...
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