Vaisala sells business to Sick Maihak
Vaisala has signed a contract to sell its oxygen measurement technology and business to Sick Maihak.
The divestment of oxygen business supports Controlled Environment's strategy to focus on the selected market segments of life science and high technology, building automation and targeted industrial applications. It will not have significant impact on Vaisala's operating profit or personnel.
The transfer of the oxygen measurement technology and business information will start immediately and the production is planned to be moved to Sick in Germany at the beginning of 2011.
"The sale of the oxygen measurement business strengthens our goal to focus on our chosen market segments. We are pleased that we found such a respectable buyer as Sick, who is committed to serve customers and invest in the technology and products further," states Kenneth Forss, Executive Vice President, Controlled Environment business area.
Australia's engineering skills gap is double global average
Australia named fourth-highest payer globally as gap continues to grow.
Recyclable circuit board turns to jelly for disassembly
Researchers have developed a new PCB that performs on par with traditional materials and can be...
Fortescue launches its first US green hydrogen production facility
The first of Fortescue's planned green energy investments in North America, Arizona Hydrogen,...
