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July 23, 2014
12:09 EDTBRKRBruker to impliment restructuring program in CAM division
Bruker disclosed in a filing that on July 18 , the Board of Directors of the company approved a plan to divest certain assets and implement a restructuring program in the Chemical & Applied Markets, CAM, division within the Bruker CALID Group. The CAM division generated approximately $100M in revenue for the year ended December 31, 2013. The Plan was developed as a result of managementís conclusion that the CAM business would be unable to achieve acceptable financial performance in the next two years. Actions taken in connection with the implementation of the Plan have the potential to impact the companyís operating performance in 2014 and 2015.
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