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Effective on the 14th of August, 2007, Azonix Corporation of Billerica, MA, a Division of Crane Corporation (publicly traded on the New York Stock Exchange under the symbol CR), announced an agreement to acquire the MRD Division of Kontron America, a Division of Kontron Embedded Computers AG, of Munich, Germany (publicly traded on the German Neuer Market Stock Exchange under the symbol KBC).
Azonix Corporation, a leading solution provider of rugged computers and displays primarily for the Oil and Gas Exploration, US Military, and Automation Markets, will purchase all of the assets of MRD Division (Poway, CA), a leading developer of rugged computers and flat panel displays for the Military, Oil and Gas Exploration, and Test & Measurement Industry. MRD will assume the Azonix name once details are finalized.
The combination of MRD and Azonix will help create Best in Class in the rugged computer/display markets we serve. It combines the strong manufacturing and supply chain of Azonix with the innovative and forward-thinking engineering team of MRD.
This action will help increase Azonix’ competitive position in the marketplace, enhance its strategic objective of market diversification, and serve to strengthen our ability to survive the cyclical nature of our current markets.
It will also provide many benefits to our customers, such as improved manufacturing and supply chain efficiencies, increased innovative and value-added solutions, as well as enhanced strategic relationships, by investing back into our business.
Thank you very much for your interest and support in this matter.
Azonix Corporation Management
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