UNOVA Completes Sale of Lamb Body & Assembly Systems Division
EVERETT, Wash.--Sept. 5, 2003--UNOVA, Inc. announced today that it has sold principally all the assets and existing backlog of its Lamb Body & Assembly Systems division to Utica Body & Assembly, Inc., a subsidiary of Utica Enterprises, Inc. (Shelby Township, Mich.), for approximately the net book value of the assets sold.Lamb Body & Assembly Systems designs, integrates and builds vehicle body and assembly equipment including robotic welding and hemming systems. The transaction also includes Lamb's J.S. McNamara Company, an engineering services organization that supplies body-in-white process engineering and tool design to automotive customers and suppliers.
UNOVA is a leading supplier of wireless networking, mobile computing and RFID technology for the supply-chain management and e-commerce fulfillment markets and is also a leading supplier of manufacturing technologies to the global automotive and aerospace industries.
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