Racal Electronics Plc yesterday announced that it would pay ?15m to ?20m for a controlling 67.5% interest in its Italian data communications distributor ARE from its parent Setemer SpA, a company majority owned by L M Ericsson of Sweden. Racal also said that Matra and Siemens would definitely be joinging Ericsson in the new Racal-Plessey Orbitel Ltd digital cellular firm. Racal figures and discussion – p3.
RACAL BUYS IN ITALY
