TITLE

RAND WORLDWIDE AGEES TO SELL SELECT EUROPEAN OPERATIONS

PUB. DATE
July 2007
SOURCE
CAD/CAM Update;Jul2007, Vol. 19 Issue 7, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Rand A Technology Corporation has completed the sale of its wholly-owned subsidiaries in Finland and Denmark. Rand provides professional services and technology solutions to organizations with engineering design and information technology requirements. The move is expected to significantly reduce the company's operating expenses, resulting in annual cost savings of approximately $1 million. The company will retain a presence in Europe by continuing to manage its remaining divisions.
ACCESSION #
25538835

 

Related Articles

  • More Cuts Ahead at Elcoteq. Buetow, Mike; Drysdale, Chelsey // Circuits Assembly;Feb2008, Vol. 19 Issue 2, p10 

    The article the reports on the efforts of electronics manufacturing service provider Elcoteq for the reduction of the company's annual operating costs. The company plans to restructure its operations by selling certain underperforming plants and improving its materials management for its effort...

  • Corporate Divestitures: How to Sell Off a Subsidiary. Speiser, Marvin M. // Management Review;Apr69, Vol. 58 Issue 4, p2 

    Discusses how a corporation can sell off a subsidiary. Need to convince the management of a divestible subsidiary or division that it will be happier elsewhere; Strategies in winning the cooperation of subsidiary officers; Steps in finding a buyer; Sales pitch; Payment arrangement;...

  • Chesapeake ABS seen withstanding PHH spin-off. H. B. O. // Private Placement Letter;2/7/2005, Vol. 23 Issue 5, p7 

    The article reports that Cendant Corp., the largest travel and real estate services company in the U.S., has announced last week that it had spun off subsidiary, PHH Corp., an entity that housed the mortgage and fleet leasing operations of the parent company. Following the distribution of PHH...

  • Gardant Pharma Searches For Bidders. G. C. // Mergers & Acquisitions Report;6/19/2006, Vol. 19 Issue 24, p5 

    Reports that Gardant Pharmaceuticals Inc. is exploring a sale in the midst of spinning off several of its units into independent companies. Subsidiaries of Gardant; Financial performance of the company in 2005.

  • In Brief. Buetow, Mike // Circuits Assembly;Dec2004, Vol. 15 Issue 12, p8 

    The article presents information on various developments in electronics industry. Building on its ODM capabilities, Flextronics Inc. will buy Agilent Technologies' camera module business. Celeritek shareholders approved the sale of the company's defense electronics business to a subsidiary of...

  • Northwest Yongxin Sells State-Owned Equity.  // China Chemical Reporter;10/26/2004, Vol. 15 Issue 30, p14 

    The article informs that the Northwest Yongxin Group, the parent company of Northwest Yongxin Chemical Industry Co. that raised funds and got listed in Shenzhen Securities Exchange in 1997, has decided to give up its control on its subsidiary. At the beginning of August this year, Yongxin Group...

  • ArvinMeritor to sell Roll Coater subsidiary for $162.5M. Kosdrosky, Terry // Crain's Detroit Business;11/29/2004, Vol. 20 Issue 48, p2 

    This article reports that ArvinMeritor Inc. sold its Roll Coater Inc. subsidiary last week to a Chicago-based private equity firm for $162.5 million. The move is part of a plan by new CEO Charles McClure to sell assets deemed not vital to the company's main business lines.

  • COMPETITORS NEED NOT APPLY.  // Design News;3/15/2004, Vol. 60 Issue 4, p26 

    Reports on the plan of EDS to sell its subsidiary UGS PLM Solutions to private equity firms and initial public offering underwriters as of March 2004. Estimate on the asking price.

  • Royal Sheds additional businesses. Lauzon, Michael // Plastics News;1/2/2006, Vol. 17 Issue 44, p1 

    The article reports that Royal Group Technologies Ltd. has planned to take a massive write-down as it jettisons more businesses. To trim its portfolio of companies, Royal Group is looking for buyers for its Amut SpA and Ariostea SpA machinery manufacturers in Italy, and Royal Group subsidiaries...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics