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Technology Stocks : Alcatel (ALA) and France -- Ignore unavailable to you. Want to Upgrade?

To: Steve Fancy who wrote (59)	10/2/1998 12:58:00 PM
From: Steve Fancy	Read Replies (1) \| Respond to of 3891

Alcatel Buys 2 Energy Equipment Subsidiaries From AEG SVS Dow Jones Newswires PARIS -- French telecommunications group Alcatel (ALA) said Friday it has acquired AEG SVS Power Supply Systems GmbH and AEG SVS Power Supply Systems Soernewitz GmbH, two subsidiaries of Germany's AEG SVS, which specializes in power system electronics. An Alcatel spokeswoman said the company wouldn't disclose the amount of these acquisitions. The two subsidiaries had worldwide sales of DEM104 million in 1997, Alcatel said in a statement. Formerly part of Daimler Benz group and bought back by their management in 1997, the two companies produce electric transformers and equipment for power supply backup. These acquisitions will strengthen Saft, Alcatel's battery business, in the German market, the company said. Alcatel said both acquisitions are subject to approval by a German cartel office.