Troubled electronics giant Marconi has sold its Data Systems industrial printing unit to US manufacturer Danaher for $400m (£277m) in a bid to reduce its massive debt.
The firm said late last year that it was considering selling off £100m worth of property to help reduce debts of £4.4bn by over £1.2bn before March this year.
Marconi was further deflated by the announcement of £5.1bn losses for the first half of the financial year in November 2001.
Data Systems becomes the second division purchased by Danaher following its acquisition of Marconi's Commerce Systems for $325m last month.
Camille Mendler, director of fixed telecoms research at analyst firm Yankee Group, said that the company is likely to struggle in the coming months and that other sales are a possibility.
"I do not see a happy future [for Marconi] and I expect further break up. But there is intrinsic value in the company, particularly its high-end engineering expertise," she said.
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