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In brief: Racal sells Data Communication division

By silicon.com

Published: 10 August 1998 14:14 GMT

Racal, the troubled electronics group, has announced the long-awaited sale of its Data Communications division.

The subsidiary, which in its last financial year made a loss of £53m on turnover of £185m, is being sold to California based investment group Platinum Equity Holdings for £29.9m.

The sale is part of a plan to revive Racal's ailing profit performance.

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