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IDEX Corporation Sells Ismatec Product Line

2015-08-04 04:24:10| Industrial Machines - Topix.net

The Ismatec products were part of the Scientific Fluidics Platform and generated revenues of approximately $13M in 2014. "The sale of the Ismatec product line is consistent with our strategic objectives and our focus on core business and customers."

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Nokia Sells - HERE': Mixed Feelings on the Street, Price a Bit Low

2015-08-04 03:07:55| Wireless - Topix.net

Shares of Nokia today fell 12 cents, or 1.7%, to close at $6.93, after the company this morning said it completed the "next stage" of its "transformation" by selling its HERE business unit that develops mapping and navigation techologies for a 2.8 billion to a consortium of car companies including Audi, BMW and Daimler AG. The purchase price will be reduced to about a 2.5 billion, said Nokia, because of certain "defined liabilities" for which the buyers will be compensated.

Tags: price low street bit

 
 

'Empathy,' not incentives or environmentalism, sells solar power in India

2015-08-03 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

ClimateWire: The market for off-the-grid solar products in India is heating up, with no incentive but profits. Almost 80 million households in rural areas have little or no access to power, but efforts by small and medium-sized companies to reach them might pay off in the coming years. Frontier Markets, a company co-founded by Ajaita Shah, a U.S.-based entrepreneur of Indian descent, that offers solutions ranging from solar lamps to full-blown solar home systems, is aiming at what appears to be a promising...

Tags: power india solar sells

 

Monsanto's Climate Corp. sells insurance business

2015-08-03 14:45:26| Chemicals - Topix.net

Monsanto's Climate Corp. said Friday it would sell its crop insurance business to AmTrust North America, a subsidiary of AmTrust Financial Services Inc. The agreement provides AmTrust, a multinational insurance holding company based in New York, exclusive access to Climate Corp. technologies that can be applied in the crop insurance industry for up to three years, Climate Corp. said. Climate Corp. said its carrier, OneBeacon Insurance Group, would work to achieve a smooth transition for CCCIB's customers.

Tags: business insurance corp climate

 

Nokia sells Here to carmakers for EUR 2.8 bln

2015-08-03 08:26:00| Telecompaper Headlines

(Telecompaper) Nokia has reached an agreement to sell its digital mapping and location services business Here to a consortium of carmarkers for an enterprise value of EUR 2.8 billion. Audi, BMW and Daimler will pay a net price of just over EUR 2.5 billion, after compensation for certain liabilities at Here, Nokia said. The sale is expected to close in the first quarter of 2016. Nokia first announced plans to sell Here in April, when it agreed the merger with Alcatel-Lucent. After selling Here and its mobile phone business last year, Nokia will focus exclusively on the network equipment market, as well as its licensing business. Here already serves much of the world's automakers with mapping services, as well as supplying many mobile phone operating systems, including Windows, Android and iOS. The company generated an adjusted operating profit of EUR 46 million on revenues of EUR 552 million in the first half of this year. It recorded an operating loss of EUR 1.241 billion in the period, after an impairment of EUR 1.209 billion to write off goodwill. 

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