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Articles Tagged with ''business''

TMD appoints new sales and business development director

TMD Technologies Ltd. (TMD), an independent manufacturing SME in the microwave and RF field, has appointed Jane McAlister to the executive board as sales and business development director. In her new key position she will be responsible for leading and guiding TMD’s sales and business development teams in all aspects of their operations, to further increase the company’s on-going growth.


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NXP and JAC Capital receive CFIUS clearance

NXP Semiconductors N.V. announced that the company has received clearance on the proposed transaction of the sale of its RF Power business to Jianguang Asset Manangement Co. Ltd. (“JAC Capital”) from the Committee on Foreign Investment in the United States (CFIUS). The divesture of the RF Power business is a condition for NXP’s merger with Freescale Semiconductor.


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NXP's RF Power divestment to be completed in Q4, 2015

In May, NXP announced an agreement that will facilitate the sale of its RF Power business. As part of our commitment to maintain an open dialogue with our customers, we are very pleased to report that we expect the announced divestment of the RF Power Business to be completed in Q4 of this year, subject to approval of regulatory authorities.


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Technicolor to acquire Cisco connected devices division

 Technicolor has entered into an exclusive agreement with Cisco to acquire its customer premises equipment (CPE) business for €550 million (or $600 million equivalent) in a cash and stock transaction, reviewed by the Boards of Directors of the two companies, which will be on a cash free, debt free basis. The acquisition should result in Technicolor’s Connected Home segment reaching adjusted EBITDA in excess of €200 million by year end 2016 and best-in-class profitability (i.e.8-9% adjusted EBITDA margin) by 2017. 


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