Engineering supply group Premier Farnell Plc said it would sell its industrial products division Akron Brass to U.S. -based IDEX Corp for $224.2 million in cash.
Premier Farnell, which makes and sells the Raspberry Pi – a mini, low-cost computer, said that the deal would help it focus on its core electronics distribution business.
The company also said on Friday that said it expected profit for the year ended Jan. 31 to be broadly in line with its recent guidance.
(Reporting by Rahul B in Bengaluru; Editing by Gopakumar Warrier)
The total contract value is approximately €430 million. The project scope of work entails complete engineering services, equipment and material supply, installation and construction activities and, as an optional part of the scope, commissioning and start up.
Once it has implemented this project, Lenzing will have biological wastewater treatment plants that meet the best available techniques (BAT) quality standard at all its production sites.
The debate over the position of hydrogen in the new energy revolution has come to the fore again thanks to Japan’s hosting of the Olympic Games. But rather than showcasing how green this miracle new fuel is, it has highlighted its many problems.