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From: JakeStraw	12/29/2010 11:34:41 AM
	of 55

China's Cogo Group to buy some MDC businesses for $22M, expand footprint in smart grid, health finance.yahoo.com Wednesday December 29, 2010 NEW YORK (AP) -- Cogo Group Inc. will invest $22 million in assets belonging to MDC Tech, the Chinese industrial software provider said Wednesday. MDC specializes in smart grid technology and medical equipment and the acquisition will give Cogo access to manufacturing assets in those sectors. Its businesses are anticipated to add about $15 million to $20 million and $2 million to $2.5 million in operating income in the first four quarters after the deal's closing.

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