Elbit Medical Imaging (EMI)’s subsidiary Elscint has consummated the transaction for the sale of its manufacturing, assembly, engineering and integration operations conducted at its Ma'alot facility in Northern Israel to a subsidiary of the Sanmina-SCI Corporation.
According to the terms of the Asset Purchase and Sale Agreement dated November 13, 2002, Elscint has sold substantially all of the assets comprising the business and, in addition, has transferred substantially all of the liabilities incurred by Elscint with respect to the Business.
EMI is a subsidiary of Europe Israel and focuses on commercial and entertainment malls through its subsidiary Plaza Centers, the hotel segment through its subsidiary Elscint, the image guided treatment through InSightec and the venture capital investments in the biotechnology and communication business. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
