Technology

Spirent Plc Sale Of Sensing Solutions Business Completed

COMPANY PRESS RELEASE: Spirent plc, the international network technology company, has completed the sale of its Sensing Solutions business to a company formed by GE Industrial Systems, a division of General Electric Company of the United States, following satisfaction of all conditions in the sale agreement.

CBR Staff Writer November 11, 2001

Spirent announced the divestment of its Sensing Solutions business on 10 September 2001.

Nicholas Brookes, Chief Executive of Spirent, reiterated the comment made when the sale was announced:

The divestment of our Sensing Solutions business is the next step in our strategy to focus on communications activities. We believe that the Sensing Solutions business faces a promising future under its new owners who can provide strong manufacturing and marketing resources to achieve its potential.

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