The Gores Group, a Los Angeles-based investment firm, has acquired Tyco Electronics Power Systems from Tyco Electronics Ltd. for $100 million in cash, subject to a final working capital adjustment.
Tyco, a former division of Bermuda-based Tyco Electronics Ltd., has been renamed Lineage Power and will be part of the newly formed Lineage Holdings Inc., which will be based in Mesquite, Texas. Lineage Holdings operates through two separate entities, Lineage Power and Vincotech. Lineage Po
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