Methode Electronics Completes Acquisition of KBA
CHICAGO, Feb. 7 -- Methode Electronics, Inc.
has completed its acquisition of the business assets of its exclusive automotive sales representative, Kill & Bolton Associates International, Inc. (KBA). KBA is headquartered in Detroit with offices across Europe and Asia.
Donald W. Duda, President of Methode Electronics, said, "As world markets shift and globalization brings us closer together, this acquisition will allow us to better manage our customer relationships and the introduction of new products."
The Company does not expect the acquisition to impact earnings per share. The terms of the transaction were not disclosed.
About Methode Electronics
Methode Electronics, Inc. is a global manufacturer of component and subsystem devices. Methode designs, manufactures and markets devices employing electrical, electronic, wireless, sensing and optical technologies. Methode's components are found in the primary end markets of the automotive, communications (including information processing and storage, networking equipment, wireless and terrestrial voice/data systems), aerospace, rail and other transportation industries; and the consumer and industrial equipment markets. Further information can be found at Methode's website www.methode.com .
Source: Methode Electronics, Inc.
CONTACT: Joey Iske, Director of Investor Relations of Methode
Electronics, Inc., +1-708-457-4060, jiske@methode.com
Web site: http://www.methode.com/