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Kimball Electronics Sells Automation, Test, Measurement Business to Averna Technologies
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Kimball Electronics Sells Automation, Test, Measurement Business to Averna Technologies
Aug 1, 2024 11:15 AM

01:57 PM EDT, 08/01/2024 (MT Newswires) -- Kimball Electronics ( KE ) has sold its its automation, test, and measurement business to Averna Technologies, the companies said Thursday.

Financial details of the deal, which closed Wednesday, weren't disclosed.

Kimball said proceeds from the transaction will be used to support organic growth, reduce debt, and repurchase shares.

Price: 22.70, Change: -1.00, Percent Change: -4.22

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