AEES, with 13,800 employees at the end of June 2011, had revenues of USD454m last year.
Country: USA, Sector: Motor VehiclesTarget: AEES IncBuyer: PKC Group OyjVendor: Platinum Equity LLCType: Corporate acquisitionFinancing: Cash & Stock, DebtStatus: AgreedComment: The cash portion of the deal is worth USD155.
According to PKC's CEO, Harri Suutari, AEES
will complement PKC well in terms of geographical coverage and customer base.
In the edges of AEES predominates pastures, farms and the city of Planaltina.
We obtained fruit weights from fruits collected in AEES or from literature (Lorenzi, 1992; Almeida et al.
We also recorded the fructification phenology of fleshy fruit plants in the cerrado habitats of AEES, monitoring five plots of 100 x 20 m, totalling 1 ha.
We recorded 71 species with fleshy fruits at AEES and a total of 1626 records of individuals with fruits (the sum of all records, during one year).
Under the terms of the deal, Leoni had taken over the AEES plant's 375 employees and will continue supply of cable harnesses for batteries and chassis to two important truck makers.
AEES Power Systems sold the assets as part of the restructuring of its European business.
Sovis succeeds Jon Jensen, who joined AEES
in 2006 and has served as President and CEO since 2008.
Upcoming actions include the closure of its electrical distribution (EDS) facility in El Progreso, Honduras, affecting approximately 700 employees, the layoff of approximately 40 workers at the Choloma wire manufacturing facility in Honduras, and approximately 500 AEES associates throughout its Mexico locations in Acuna, Ciudad Juarez, Piedras Negras, and Torreon.
Jensen, AEES President for Light Vehicle Market and Operations-Americas.