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Orbotech in Talks with Fin.Pro over AOI Unit |
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Written by Mike Buetow
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Wednesday, 19 November 2008 |
YAVNE, ISRAEL -- Orbotech Ltd. today released a statement saying the company is "actively engaged in negotiations" with Fin.Pro S.p.A over the sale of its European and American
assembly AOI business.
Orbotech's chief executive said the company hopes a sale can be reached quickly "to minimize disruption to our existing client base, while providing a
clear path for our customers to continue to receive best-in-class
solutions and professional service in the future.”
Italy-based Fin.Pro is the parent company of Prodele, Prodelectronic, Neutec Electronic and Prodelec North Africa. The companies are longtime partners of Orbotech, the latter said in a statement. |
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