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Flomerics Sells Electromagnetics Business, Will Focus on CFD
Posted Thu December 20, 2007 @03:36PM
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News Flomerics will sell it's electromagnetics business to Computer Simulation Technology GmbH (CST) for a cash consideration of £1.6 million.

Following the sale of the EM Business, Flomerics will have a greater focus on fluid flow simulation. The directors believe this will enable it to maintain a strong competitive position in the area of electronics cooling, where the Company is world leader, and to take better advantage of the EFD products acquired through Nika, which are applicable to wider applications of fluid flow simulation.

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Sales of the EFD product range have been growing strongly and there is the opportunity for them to make a significant contribution to the future of the business. The proceeds of the disposal will be used to enhance the Company’s position for future growth in our core business areas.

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