Moldflow/Husky: Agreement to Sell Production Division
Moldflow Corporation , Framingham, USA, announced that it has signed an asset purchase agreement pursuant to which it will sell substantially all of the assets related to its Manufacturing Solutions division to Husky Injection Molding Systems Ltd. located in Bolton, Ontario, Canada. The sale, which is expected to be completed during the fourth quarter of fiscal 2007, is for USD 7.0 million and the assumption of certain liabilities by Husky, and is subject to certain closing conditions. The Moldflow Plastics Xpert software product will be retained by Moldflow.
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