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Scanfil Acquires Alcatel Plant in Belgium

Scanfil Oyj to acquire Alcatel's component manufacturing facility in Hoboken, Belgium; will continue to manufacture for Alcatel

January 30, 2003

1 Min Read

PARIS -- Scanfil Oyj (Hex : SCF1V), a global contract manufacturer and systems supplier for communication and industrial electronics, and Alcatel (Paris : CGEP.P and NYSE : ALA) today announced the asset purchase of Alcatel's component manufacturing facility in Hoboken, Belgium by Scanfil Oyj. The deal includes a supply agreement per which Scanfil Oyj will continue to manufacture for Alcatel. The 250 employees of Alcatel's Hoboken manufacturing plant will be transferred to Scanfil Oyj upon the final closing of the agreement, which is expected to be completed during the second quarter of 2003. This transaction is in line with Alcatel's strategy to focus on its core competencies including R&D, product and solution design and new product integration (NPI), as well as marketing and sales towards telecom and non-telecom service providers around the world. Alcatel SA Scanfil Oyj

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