Elektron Technology has announced its exit from manufacturing in China and its Sifam businesses as it attempts to simplify its operations.The AIM-listed company said the move is part of the rationalisation of its portfolio, focusing investment in its core brands and key segments of Connectivity and Instrumentation, Monitoring and Control. Elektron has sold its manufacturing subsidiary, Elektron Components (Shenzhen), and the two Sifam-branded product lines of analogue meters and control knobs for a combined cash consideration of just £300,000, a small discount on the net book value of the assets. The businesses generated less than £2m in sales per annum and made only a marginal contribution to operating profits, Elektron explained.BC