Benchmark's Purchase of Assets System Integration
Operation in Ireland Complete
biz.yahoo.com
Wednesday March 3, 3:53 pm Eastern Time
Company Press Release
SOURCE: Benchmark Electronics, Inc.
ANGLETON, Texas, March 3 /PRNewswire/ -- Benchmark Electronics Inc. (NYSE: BHE - news), today announced that it
has completed its purchase of certain assets from Stratus Computer Ireland, a wholly owned subsidiary of Ascend
Communications (Nasdaq: ASND - news). In connection with the transaction, Benchmark has entered into a three-year
supply agreement to provide system integration services to Ascend Communications and Stratus Holding Limited. The
transaction was announced on January 22, 1999.
''The portion of the management team and employees dedicated to the Stratus system integration operation in Ireland
will transfer and relocate to Benchmark's facility in Dublin. We are very excited to have the opportunity to work with this
team,'' Donald E. Nigbor, president of Benchmark said. ''This strategic transaction is part of our long-term plan to provide
a fully integrated solution for our global customers.''
Benchmark Electronics, Inc., provides contract manufacturing and engineering services to original equipment
manufacturers in select industries, including medical devices, communications equipment, industrial and business
computers, testing instruments, and industrial controls. The Company's stock trades on the New York Stock Exchange
using the symbol BHE. Benchmark's website is located on the Internet at bench.com.
SOURCE: Benchmark Electronics, Inc. |
