Gores Group Exits Vincotech With Sale to Mitsubishi Electric

Los Angeles-based private equity firm The Gores Group has agreed to sell Vinotech Holdings to Mitsubishi Electric for an undisclosed amount. No terms of the deal were released, though the firm said the acquisition would close by the end of this year. Germany-based Vinotech manufactures low-power devices used in solar power system applications. Gores purchased the company from Tyco Electronics in 2007.

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