The CalComp Inc arm of Lockheed Martin Corp has completed its reversal into Summagraphics Corp, and takes over the latter’s share quotation. The combined company has changed its name to CalComp Technology Inc and lives in Anaheim, California. Lockheed Martin Corp now holds about 90% of the shares of CalComp Technology; operations and product lines will be discontinued, and the plants in Austin, Texas and Seymour, Connecticut will close. CalComp brings to the party plotters, printers, digitizers, and scanners made at manufacturing facilities in Anaheim and in Scottsdale, Arizona. Summagraphics brings digitizers, large format plotters, thermal transfer printers and graphics cutters used in the computer-aided design, publishing and graphic arts markets, and does manufacturing in Gistel, Belgium. The combined company should have annual sales just shy of $300m.
