| Flextronics to Acquire FMP Unit of CEAG |
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| Friday, 08 February 2008 07:22 | |||
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SAN JOSE – Flextronics today announced plans to acquire the FRIWO Mobile Power business unit of CEAG AG. No other financial terms were disclosed. FMP develops, produces and markets power supply and charging devices for mobile applications in the telecommunications sector. FMP will become part of Flextronics' components business unit Vista Point Technologies, which designs, builds and markets microsystems, including camera modules, antennas, radio frequency modules, and thin film transistor displays and power supplies. Vista Point Technologies will provide manufacturing requirements for FPS that are currently managed by FMP, which operates three manufacturing facilities in China, and R&D centers in Germany and China. The transaction is subject to approvals and customary closing conditions and is expected to close during Flextronics' first quarter ending June 30.
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