As part of its ongoing effort to divest non-core assets, Textron Inc. announced the sale of InteSys Technologies’ 50 percent stake in two Brazilian-based joint ventures to its venture partner, Metegal Telecom Participacoes Ltda, yesterday.
Both joint venture companies provide engineered assemblies for the Brazilian telecommunications industry. Terms of the transaction were not disclosed in a press release.
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InteSys, a division of Textron’s Greenlee business unit, is a provider of plastic and metal engineered assemblies for a variety of end-markets, including the telecommunications, medical and computer/business machines industries.
Textron Inc. is a $10 billion multi-industry company based in Providence with over 43,000 employees in 40 countries.
