E.ON extra-high voltage transmission network acquisition by TenneT now

Thursday, Feb 25, 2010

TenneT Holding and E.ON AG have today completed the sale of E.ON’s extra-high voltage transmission network. All conditions of the sale have been fulfilled. In the takeover, TenneT has procured all shares in E.ON subsidiary, Transpower Stromübertragungs GmBH (transpower), with effect from 31 December 2009. The agreed company value amounts to EUR 885 million. The purchase price as of 25 February 2010 is based on the net financial position of transpower on 31 December 2009, which was determined to be approx. EUR 1.1 billion. This sum includes transpower’s current liquid assets as of the reference date.

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FCI Acquires Assets Of MergeOptics

Wednesday, Feb 24, 2010

FCI, a leading manufacturer and provider of connector and cable assembly solutions to the data, communications, consumer, industrial and medical markets. has acquired the assets of MergeOptics (www.mergeoptics.com), a manufacturer of active optical cables (AOCs) and optical transceivers. This acquisition will allow FCI to leverage MergeOptics’ leadership position in AOCs to complement FCI’s passive and active copper cables assemblies to address data and communications market applications.

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