UNOVA Signs Definitive Agreement for the Sale of Its Landis Operations
2005年10月28日 - 5:00PM
ビジネスワイヤ(英語)
UNOVA, Inc. (NYSE:UNA) today announced that it has agreed to sell
its Landis Grinding Systems operations to Groupe Fives-Lille, a
leading industrial engineering group based in Montreuil-sous-Bois,
France. The anticipated transaction will fully complete UNOVA's
stated commitment to divest its Industrial Automation Systems
businesses. The transaction is subject to customary closing
conditions and is expected to be completed by year end. Under the
terms of the agreement, Groupe Fives-Lille will purchase the global
operations of UNOVA's Landis Grinding Systems. The consideration
consists of approximately $70 million in cash, a $10 million
two-year note plus the assumption of post retirement medical
obligations and certain pension obligations for active employees.
The consideration is subject to closing balance sheet adjustments.
The Landis Grinding Systems businesses have been operating as a
division under UNOVA's Industrial Automation Systems segment. UNOVA
anticipates no interruption to the Landis Grinding Systems'
business, customer relationships or strategic direction while the
transaction is being completed. About Groupe Fives-Lille Groupe
Fives-Lille ("GFL") is a leading international industrial
engineering group, which designs and produces equipment, primarily
for the aluminum, automotive, steel and cement industries. For more
information, please visit GFL's website at www.fiveslille.com.
About UNOVA UNOVA is a leader in global supply chain solutions and
in the development, manufacture and integration of wired and
wireless automated data collection, mobile computing systems, bar
code printers, label media and Intellitag(R) RFID (radio frequency
identification). The company's products and services are used by
customers in many industries to improve productivity, quality and
responsiveness of business operations, from supply chain management
and enterprise resource planning to field sales and service.
www.unova.com (Forward-looking Statement) Certain forward-looking
statements in this release (as defined by Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934) relate to matters that are not
historical facts. The forward-looking statements about the
completion of the sale of the Landis Group Operations to Groupe
Fives-Lille are based on management's current expectations. The
statements included in this release are not guarantees. Completion
of this transaction is dependent upon the conclusion of customary
closing conditions and completion of the sale and the actual timing
of closing will depend upon completion of these conditions and
exchange of consideration. Such forward-looking statements involve
and are dependent upon certain risks and uncertainties. These
include, but are not limited to, other risks and uncertainties
described more fully in the Company's filings on Form 10-K and 10-Q
with the Securities and Exchange Commission.
Unova (NYSE:UNA)
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