Vendredi 12 Mai @ VIPress.netFCI to sell European business to Sicame
On May 5, 2006, FCI signed an agreement for the sale of its Electrical Power Interconnect (EPI) European and Asian activities to the SICAME group. This agreement does not include EPI activities in Japan and in the Americas, where FCI markets its products under the well recognized Burndy brand name. With this divestiture, FCI reinforces its focus on its strongest positions in terms of market share and growth potential. This particularly relates to its automotive, communication, data, consumer and microconnection businesses as well as selective applications in the electrical distribution market.
SICAME is an international group that offers products and services for electricity transportation and distribution, including safety systems and equipment. The integration of EPI Europe and Asia activities within SICAME will permit the company to broaden its product offering and to reinforce its position in emerging countries.
Jean-Lucien Lamy FCI Chairman & Pierre François SICAME Executive Board Chairman
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