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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