Technitrol Announces Closing of AMI Doduco Sale

PHILADELPHIA--([ BUSINESS WIRE ])--Technitrol (NYSE:TNL) today announced the completion of its divestiture of the remaining operations of its Electrical Contact Products Group (AMI Doduco) to Tinicum Capital Partners II, L.P. (Tinicum), JP Asia Capital Partners and affiliates including members of the AMI Doduco management team. The sale price was approximately EUR 33 million in cash, subject to normal working capital adjustments and other financial adjustments.

"Factors That May Affect Our Future Results (Cautionary Statements for Purposes of the aSafe Harbor"

AMI Doduco designs and manufactures electrical contact materials, parts and assemblies, as well as refines silver and other precious metals. It has factories in Pforzheim and Sinsheim, Germany; Madrid, Spain; Tianjin, China; and Mexico City, Mexico.

Going forward Technitrol will focus solely on its Electronic Components Group (Pulse), which produces a variety of components and modules used in network infrastructure and customer premise equipment; wireless handsets and other terminal devices; and power management, military, aerospace and automotive applications.

Net proceeds from the transaction, after funding related retirement plan obligations and transactions costs, were approximately $39 million, which exceeded the Companya�s previous expectation primarily due to better-than expected working capital adjustments and higher cash balances. The net proceeds will be applied to reduce Technitrola�s outstanding bank debt. In addition, the sale eliminated commitments under precious metal consignment leases, which totaled approximately $83 million at the end of the second quarter of 2010.

aThis transaction is an important step in the execution of our strategy to focus on electronic components and capture the strong growth opportunities in the network and wireless communication industries,a said, Technitrol interim chief executive officer Drew Moyer. aWe are now a pure-play electronic components manufacturer with a stronger balance sheet and a significantly sharper operational focus.a

About Tinicum

Tinicum Capital Partners II, L.P. was formed in May 2004 and together with its affiliated funds has committed capital of $1.325 billion.Tinicuma�s investors are predominantly individuals and families. Tinicum and its principals have a longstanding history (dating from the 1950s) of investing in industrial businesses, including electrical equipment manufacturers ITE Circuit Breaker Company and Challenger Electrical Equipment Corporation.

About Technitrol

Technitrol is a worldwide producer of electronic components for manufacturers in the wireless and wireline communications, military/aerospace and automotive industries. For more information, visit Technitrol's web site at [ http://www.technitrol.com ].

This release contains statements that are aforward-lookinga within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. Actual results may differ materially due to the risk factors listed from time to time in Technitrola�s SEC reports including, but not limited to, those discussed in the companya�s Form 10-Q for the quarter ended June 25, 2010 in Item 1a under the caption aFactors That May Affect Our Future Results (Cautionary Statements for Purposes of the aSafe Harbora Provisions of the Private Securities Litigation Reform Act of 1995).a All such risk factors are incorporated into this report by reference as though set forth in full. This report should be read in conjunction with Item 1a of the Form 10-Q report.

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Technitrol Announces Closing of AMI Doduco Sale