Freescale Wins 200 Mln Euro Siemens Supply Deal
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Freescale Semiconductor Inc. has won  a long-term contract worth more than 200 million euros ($246  million) to supply car components to Siemens, the companies  said on Monday.
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Freescale Semiconductor Chairman and CEO Michel Mayer will leave his posts as soon as a replacement is found, the company said Friday.&quot;The time is right for me and my family to take some time off before exploring new challenges. The company is well positioned to continue its transformation,&quot; Mayer said in a statement.Freescale officials didn&#39;t respond to requests for comment.Mayer led the company when it spun off from Motorola&#39;s semiconductor group and went public in 2004. He also played a role in Freescale&#39;s buyout by four private equity firms in 2006 for $17.6 billion. The equity firms included The Blackstone Group, The Carlyle Group, Permira Funds and Texas Pacific Group.However, the company has been struggling financially, posting a loss of $525 million on sales of $1.54 billion in the fourth quarter of 2007. For 2007, the company reported a loss of $1.6 billion on net sales of $5.7 billion. Freescale&#39;s sales totaled $6.36 billion in 2006.The company&#39;s key customer remains Motorola, to which it sells chips for wireless handsets, networking infrastructure and other devices such as set-top boxes. Motorola, which is struggling financially and saw a management shakeup in recent months, is considering spinning off its handset business. Ed Zander announced in December that he would step down as Motorola&#39;s CEO.
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Industrial group Siemens AG said Friday it has signed a &#36;3.35 billion contract to deliver technology services around the world to the British Broadcasting Corp. as part of a deal that will see it acquire the broadcaster's BBC Technology subsidiary.
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Austrian regulators have approved Siemens AG&#39;s bid to takeover engineering competitor VA Technologie AG, Austrian radio said Friday.
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Purchase for $870 million in cash expected to make Telecom Italia second-largest broadband provider in Germany.
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Internet firm Pipex sells its broadband and phone business to Italian rival Tiscali for Â£210m.
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The London Stock Exchange receives  a takeover approach from pan-European stock exchange Euronext, the company confirms.
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Malaysia&#39;s Maxis Communications Bhd. (Maxis) has selected Siemens as one of its 2G and 3G/UMTS infrastructure suppliers. Under the terms of the three- year framework contract, the Siemens Communications Group
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German heavy industry giant Thyssenkrupp said it has sold residential property worth 2.1 billion euros (2.8 billion dollars) to a consortium comprising the real estate funds of Morgan Stanley and German group ...
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Freescale Semiconductor Inc. has agreed to be acquired by a group of investment firms for US$17.6 billion.
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German engineering conglomerate Siemens has won an outsourcing contract from the BBC worth 2.7 billion euros (&#36;3.3 billion) and will acquire the broadcaster's information technology unit, it said on Friday.
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BRUSSELS  - European Union regulators on Friday cleared the acquisition by Singapore's Flextronics International Ltd. of manufacturing actives from Nortel Networks Corp., Canada's largest technology company.
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European Union antitrust regulators on Wednesday approved the acquisition of U.S.-based Solectron Corp. by Singapore's Flextronics International Ltd., saying the $3.6 billion deal did not pose any competition concerns.
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German industrial giant Siemens has signed a â¬2.69bn contract to deliver technology services around the world to the BBC, a deal that will see it acquire the broadcasterâs technology subsidiary.
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Frees up thousands of pink slips Texas semiconductor manufacturer Freescale is cutting jobs across the company as part of a strategy to reduce costs during a sluggish year.â¦
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The BBC has today completed the sell-off of its technology arm to German IT firm Siemens as part of a Â£1.9bn 10-year outsourcing deal - as exclusively revealed on silicon.
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Steel company ThyssenKrupp AG said Wednesday it has sold some 48,000 residential housing units in western Germany for euro2.1 billion (US$2.8 billion) to a consortium of real estate funds of US bank Morgan Stanley and Germany&#39;s Corpus-Immobiliengruppe.