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Siemens Divests Electronics

(March 21, 2008) FRANKFURT, Germany — Thomson Financial reports that a spokesman for Siemens AG confirmed the company's plans to divest its electronic assembly systems unit by the end of this year. EA makes assembly machines for electronic components and circuit boards.

Sueddeutsche Zeitung earlier reported the unit is no longer part of the company's core business and may be either sold or merged with a peer.

The unit has about 2,100 workers around the world.

For more information, visit ea.automation.siemens.com.



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