Gulf Oil and Gas accountACCOUNT

Cemtrex Completes Acquisition of ROB Group

Source: www.gulfoilandgas.com 11/5/2013, Location: North America

Cemtrex (CTEI) announced it has completed the acquisition of the privately held ROB Group, a leader in electronics manufacturing solutions. Founded in 1989, ROB is a full-service provider of electronic manufacturing and cable assembly services. Cemtrex will operate the company as a wholly owned subsidiary known as ROB Cemtrex GmbH.

"We are committed to growing Cemtrex, whether organically or through acquisitions and today we seized a unique opportunity to provide shareholders with significant return without any dilution. Our vision is to continue to grow the company in areas where we know there will be long-term market potential and we can provide compelling value," said Saagar Govil, CEO of Cemtrex, Inc. "As everything in our world becomes connected to the Internet and all industrial machinery, equipment and consumer appliances become intelligent, the demand for reliable quality electronics manufacturing will continue to rise. We believe ROB Cemtrex is strategically positioned to capitalize on these rapidly developing market trends," he continued.

Current management will remain in place. Cemtrex financed this acquisition with loans from associated parties and local banks and no new shares were issued. Terms of the deal were not disclosed.

Calibrators, Electronic, Pneumatic News in United States >>

United States >>  4/12/2019 - Chevron Corporation has entered into a definitive agreement with Anadarko Petroleum Corporation to acquire all of the outstanding shares of Anadarko i...

Related Categories: Analyzers, Gas  Calibration Equipment  Calibrators, Electronic, Pneumatic  Concentration  Conductivity Meters  Density  Detector, Gas  Dissolved Oxygen meters  Drilling Instruments  Float Switch  Gas meters  General  Indicators and Recorders  Leak Locators  Level meters  Liquid Measurement  Load cells  Monitoring & Control  Mud Control  Mud Logging  pH and REDOX  Pressure gauges/ Transmitters  Radiation Detection  SCADA Systems  Temperature gauges/ Transmitters  Thermocouples  Thermowells  Transducers  Transmitters  Transmitters, Pressure  Turbidity Meters  Viscosity  Weather Station  Weighing Equipment 

Related Articles: Analyzers, Gas  Calibration Equipment  Calibrators, Electronic, Pneumatic  Concentration  Conductivity Meters  Density  Detector, Gas  Dissolved Oxygen meters  Drilling Instruments  Float Switch  Gas meters  General  Indicators and Recorders  Leak Locators  Level meters  Liquid Measurement  Load cells  Monitoring & Control  Mud Control  Mud Logging  pH and REDOX  Pressure gauges/ Transmitters  Radiation Detection  SCADA Systems  Temperature gauges/ Transmitters  Thermocouples  Thermowells  Transducers  Transmitters  Transmitters, Pressure  Viscosity  Weather Station 


United States Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 |

More News

Related Links

Gulf Oil and Gas
Copyright Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.