German Giant Buys CD-adapco

Lebanon — The purchase by a German engineering giant of a Long Island, N.Y.-based company reverberated in the Upper Valley last week, although the local long-term impact was not immediately clear. Melville, N.Y.-based CD-adapco, which employs 65 people at offices in the Centerra office park in Lebanon who work primarily in product development, entered into a stock purchase agreement valued at $970 million with Munich-based Siemens AG....

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