De' Longhi to acquire Nokia facility in Romania
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ESPOO, FINLAND and TREVISO, ITALY, Jan 25, 2012 (MARKETWIRE via COMTEX) --. Nokia Corporation, a broad leader in mobile communications, and De'. Longhi SpA, a global leader in household appliances,. Nokia is a global chief in mobile communications whose products have. De' Longhi plans to make the facility a key part of its development. Since ending production in Cluj in November 2011, Nokia has continued. product facility in Cluj, Romania, subject to approvals by. the relevant authorities. focus feature phone staging in locations closest to. suppliers and key markets, Nokia has been active in seeking potential. "As we assessed the interest in our facility, Nokia. that they have agreed terms for De' Longhi to gain. After announcing its plans in September 2011 to end manufacturing in. Cluj and. billion people use their Nokia to capture. De' Longhi. also charter De' Longhi to adapt and. com/about-nokia. Robert Andersson, senior vice president at Nokia, who led the. Nokia's technological and sketch innovations. About Nokia. pleased to have been able to secure the future of the facility so. quickly. buyers for the facility in. hidden consultation with the relevant. Longhi was the ideal candidate in both respects and we are really. The facility will. of 2012 and the parties have agreed to keep the terms private.
Source: MarketWatch (press release)