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As part of a Ten-Point-Program to become more profitable, Siemens, in 1999, carved out its former unit Electromechanical Components and converted it into a legally independent company: Siemens Electromechanical Components GmbH & Co. KG. It was finally purchased by Tyco International Ltd. and integrated into its Electronics Group.

History

 * 1998 In November Siemens announced a Ten-Point-Program to make the company more profitable. The most drastic step was exiting the components segment in which it had been doing business with its three business units Semiconductors (HL), Passive Components and Electron Tubes (PR), and Electromechanical Components (EC).


 * 1999
 * On April 1, Siemens EC became a legally independent entity, now called Siemens Electromechanical Components GmbH & Co. KG. On the same day, the Semiconductors unit was converted into Infineon Technologies AG.
 * In late September, Siemens anncounced the sale of Siemens EC to Tyco International Ltd for approximately $1.1 billion.
 * After the European Commission's green light, the sale was closed off on November 23.

Products
Siemens CE manufactured the following electromechanical components:


 * Relays
 * Relay modules
 * Sensors
 * Inductive systems
 * Connectors
 * Switches and push buttons
 * Hybrids and micromodules
 * Power modules

Markets
Siemens EC was active in the following industries:


 * automotive
 * telecommunications
 * manufacturing
 * consumer