C&D Technologies sells its Power Electronics Division (PED) to Murata Manufacturing for $85 million cash. With annual revenues of over $185 million, PED is a manufacturer of DC/DC converters, AC/DC power supplies, magnetics, data acquisition devices and panel meters. Murata is a provider of ceramic based components, sensors and integrated electronic modules, including power supplies. The Company, headquartered in Kyoto, Japan, has over 29,000 employees worldwide and over $4.8 billion in annual sales. In the first quarter 2008, the Power Electronics Division of C&D posted total net sales of $42.3 million, and an operating loss of $1.7 million.