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Alcatel-Lucent to sell LGS Innovations for USD 200 mln

2013-12-20 10:31:00| Telecompaper Headlines

(Telecompaper) Alcatel-Lucent announced a definitive agreement to sell its subsidiary LGS Innovations to a US-based company owned by a Madison Dearborn Partners-led investor group that includes CoVant. The divestment forms part of the commitments outlined by Alcatel-Lucent in its Shift Plan, to narrow its focus and reduce costs. The cash transaction agreed between Alcatel-Lucent and the Madison Dearborn/CoVant group will comprise a total amount of up to USD 200 million, of which 50 percent will be paid at closing and up to 50 percent in a subsequent variable component based on the subsidiary's performance in 2014. Closing of the transaction is subject to certain conditions, including US Government approvals, and is targeted to occur in the first quarter of 2014. LGS Innovations provides secure networking, satellite communications, VoIP, optical routers and other solutions for the US national security, defense, and advanced research communities. Madison Dearborn is a private equity firm, while CoVant is a holding company focused on acquiring and growing companies in the federal technology marketplace.

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Inspiring Innovations Step Into the Spotlight at 2014 International CES

2013-12-18 06:00:00| Industrial Newsroom - All News for Today

Scheduled to run from January 7–10 in Las Vegas, 2014 CES will feature more than 3,200 exhibitors unveiling latest consumer technology products and services across 15 product categories. Event will include exhibits, conferences, and TechZones that highlight latest emerging trends. Innovations range from driverless cars, 3D printing, and Ultra HD TV, to health technologies, Internet of Things, and wearable technologies. This story is related to the following:Trade Associations

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Panasonic to assign 900-patent portfolio to new Wi-LAN unit Collabo Innovations

2013-12-16 15:14:07| Grocery - Topix.net

Panasonic Corp. will assign about 900 patents and patent applications to a new subsidiary of Wi-LAN Inc. , the Ottawa-based patent licencing firm announced Monday.

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Sercos International Attracts Visitors Due to Many Innovations at the SPS IPC Drives Show in ...

2013-12-11 06:00:00| Industrial Newsroom - All News for Today

A moderated forum and technical innovations proved to be a crowd-puller<br /> <br /> Sercos International, supplier of the Sercos® automation bus, displayed twelve other demo points from different manufacturing companies as well as exhibits from more than twenty companies (including many new products) on advertising columns at the joint stand in exhibition hall 6. In addition, a multi-vendor Plastic Electronics Demo was a crowd pleaser. As a result, the user organization's growth trend is set ...This story is related to the following:Electrical Equipment and Systems Sponsored by: Globtek Inc. - MOBILE BANNER ADControls and ControllersTransmitters | Gateways | Media Converters | Automation Controllers |

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Visteon to Showcase Innovations Enhancing the Connected Car Experience at 2014 International CES

2013-12-09 06:00:00| Industrial Newsroom - All News for Today

Global automotive supplier will exhibit electronics concepts incorporating driver eye gaze and camera-enhanced gesture recognition - plus new connectivity and infotainment solutions - at Las Vegas Convention Center Jan. 7-10<br /> <br /> VAN BUREN TOWNSHIP, Mich. - Visteon Corporation (NYSE: VC), one of the original automotive suppliers represented at the International CES®, will mark its 15th year at the consumer electronics event in Las Vegas by unveiling several new concepts and industry ...This story is related to the following:Computer Hardware and PeripheralsDisplay and Presentation EquipmentInternet Connectivity Equipment | Automotive Electronics | Operator Interfaces

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