Montagu Snaps Up Siemens Airfield Lighting Unit

Law360, New York (September 24, 2009, 4:25 PM EDT) -- German engineering megaconglomerate Siemens AG has sold its airfield lighting business to the U.K.'s Montagu Private Equity for an undisclosed price.

Siemens agreed to sell its ADB Airfield Solutions unit in order to concentrate on more central aspects of the company's divisions within the industrial, infrastructure, energy and health care sectors in which it operates, executives said Thursday.

“This sale is part of Siemens’ consistent strategy to focus on core business,” said Jörg Schneppendahl, chief executive of Siemens Mobility Division Traffic Solutions.

The deal is still...
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