June 29th 2011
RADIALL and ARaymond announced today Wednesday having entered into talks, in order to establish a joint venture exclusively dedicated to the passive interconnection component market for automotive applications.
As part of this plan, RADIALL would first turn its automotive division, which generated sales of EUR8.8 million in 2010, into a subsidiary. ARaymond would then acquire 50% of the new entity at the start of next year, in order to developing this business as a joint-venture 50%-held by both partners, with the stated objective of becoming a major player in this sector. […]
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