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Technology / AI and automation

DII PAYS $47M FOR IBM AUSTIN FAB PLANT

DII Group Inc has said its Multilayer Technology Inc subsidiary has signed a definitive agreement to acquire IBM Corp’s high volume printed fabrication circuit board fabrication facility in Austin, Texas for $47m. The purchase will include some licenses and the company estimates the purchase will generate some $80m in revenue next year. The acquisition is expected to be completed within the next two weeks.

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CBR Staff Writer

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