Cambridge Electronic Industries
Cambridge Electronic Industries plc, of Cambridge, maker of electronic components (NB other companies, not plc, had similar names)
1979 Acquired Ajax Machine Tool Co
1980 Floated by Philips: "the bits that Philips did not want".
1981 Public company incorporated[1]
1984 Drop in profits from the company's defence-related work[2]
1988 Acquired 2 of North American Philips' subsidiaries: MEPCO and Dialight; also intended to acquire 2 European component makers; Harry Tee was MD of the electronic components division[3]
1989 Sold Labgear Cablevision; also wanted to sell Belling Lee Intec and Ajax Machine Tools[4]
1989 Owned PED Ltd of Newmarket, makers of relays, solenoids and switches[5]
1991 Acquired Tace and Goring Kerr[6]
1992 Name changed to Graseby[7]. Expertise in emission monitoring was being applied to detection of Semtex explosive