RuggedCom shareholders flock to Siemens
 Shareholders of Canadian industrial network equipment maker RuggedCom Inc. have overwhelmingly accepted an offer from Siemens Canada to buy their shares, as recommended by the company's board.
In a statement Friday morning Concord, Ont.-based RuggedCom, which makes Ethernet switches for electrical stations and factories, said as of last night 97.6 per cent of the outstanding shares had been tendered to Siemens.
Publicly-traded RuggedCom will be delisted from the Toronto Stock Exchange once the details of the acquisition are complete.
Siemens Canada, which specializes in electronics and electrical engineering, has some 4,400 employees in Canada. It's a division of German-based Siemens AG, which makes industrial, engineering and healthcare solutions ranging from wind turbines to passenger trains.


Related Download
Increasing Profitability with Analytics in Midsize Companies Sponsor: IBM Canada Ltd
Increasing Profitability with Analytics in Midsize Companies
Complete with several mini-case studies, this Nucleus Research Note dispels the misperceptions surrounding Analytics, revealing how small and midsize companies have cost-effectively implemented and deployed Analytics solutions and gained benefits.
Register Now
Uncategorized