Tuesday, February 6, 2007

Moser Baer buys Philips' optical R&D tech unit OM&T

Phillips is selling its 100% subsidiary OM&T, a specialized optical R&D technology company, to Moser Baer India (MBI). The acquisition will complement the existing cutting edge technology research being done in Moser Baer's R&D centre in India and help it to further consolidate its position in the optical media market. All IP created by OM&T will be transferred to Moser Baer.

Read the Business Standard article.

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