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C & D Sells Power Electronics Unit To Murata For $85 Million

The company sold the division to reduce debt and invest in its power systems business.

BLUE BELL, Pa. (AP) - C&D Technologies Inc. said Wednesday it agreed to sell its electronic power supplies and converters division to Japan's Murata Manufacturing Co. for $85 million in cash.

C&D said it sold the unit to raise cash in an effort to reduce debt and invest in its power systems business. Power electronics had sales of $185 million a year.

Murata, based in Kyoto, makes ceramic-based components used in electronics.

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