Alcatel Sells Off LGS Subsidiary, Weighs Others As Cost-Cutting Continues
Posted on: December 20, 2013

Kristin Bent
December 20, 2013

Alcatel-Lucent said Friday it’s selling off its U.S.-based subsidiary LGS Innovations as part of CEO Michael Combes’ broader restructuring plan to cut costs and grow Alcatel’s cash pile.

Paris-based Alcatel said LGS Innovations, which provides networking, satellite communications, VoIP systems and other solutions to the U.S. defense and federal markets, is being sold to an investor group led by Madison Dearborn Partners and including CoVant.

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