CUI sells off electromechanical components business: Page 2 of 2

October 04, 2019 //By Nick Flaherty
Jeff Schnabel of CUI Devices.
CUI has sold off its Electromechanical Component business to a group of senior managers and founders for $15m. Nick Flaherty talks to Jeff Schnabel of CUI Devices.

The deal is part of CUI Global's plan to focus on diversified energy infrastructure services in North America. "The sale of our electromechanical business puts us on a path to divesting other, non-core business within the Power and Electromechanical segment, strengthens our balance sheet, and will contribute to the buildout of a diversified energy services platform," said William Clough, president and CEO of CUI Global.

www.cuidevices.com

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