3D Reverse Engineering
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New CEO of Kitron ASA
Peter Nilsson is appointed new CEO of Kitron ASA. He will take up his new position in November 2014 at the latest. “Peter brings almost 25 years of experience in electronics manufacturing and related services, in environments ranging from start...
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Flextronics’ operating income increased 72% YoY
Flextronics’ net sales for fiscal year 2014 were USD 26.1 billion, an increase of USD 2.5 billion from the USD 23.6 billion recognized in fiscal year 2013. Adjusted operating income increased 9% from USD 611 million to USD 665 million in the fi...
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Executive changes at Teledyne
Rex Geveden, current Executive Vice President of Teledyne, will also assume direct responsibility and oversight of Teledyne DALSA, and will relocate to Waterloo, Ontario, Canada. Geveden has been an Executive Vice President of Teledyne since July 1, ...
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Juki initiates representative agreement with DiversiTech
Juki Americas, has initiated an agreement with DiversiTech Representatives as its manufacturers’ representative throughout Southern California, Baja California and Southern Nevada. “We are excited to bring on the DiversiTech Sales Team to be the Juki...
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Ioxus opens new ultracapacitor manufacturing facility
Ioxus, a manufacturer of ultracapacitor technology for use in transportation, industrial and energy applications, has opened of its second manufacturing facility in Oneonta, New York. The 22’000 sq. ft. plant, located less than a mile from Ioxu...
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Merry Electronics expands capacity
Taiwanese Merry Electronics, a handset component manufacturer, is setting up a new facility in Thailand, as well as expanding its production in China. The Taiwan-based company is not only setting up shop in Thailand with a completely new factory, but...
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Bel to acquire Power-One Power Solutions from ABB
Bel Fuse has entered into a definitive agreement to acquire the Power-One Power Solutions business of ABB. Bel will pay approximately USD 117 million in cash to acquire the Power Solutions business, which had 2013 revenue of approximately USD 251 mil...
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AEG Power Solutions Sells its Indian Facility
AEG Power Solutions has sold its Indian subsidiary to Toshiba Mitsubishi-Electric Industrial Systems Corporation (TMEIC), who is expanding its activities on the Indian domestic market. AEG PS’s Indian facility is mainly focused on solar inverters man...
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WUS and Schweizer partner up for HF segment
WUS Printed Circuits and Schweizer Electronic, have enetered into an exclusive long-term agreement for the production of High Frequency PCBs for the global automotive and industrial market. Due to the increasing global demand for specific base materi...
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1Q: better than expected for STATS ChipPAC
STATS ChipPAC first quarter of 2014 was better than expected. However, revenue still decreased 7.5% from the previous quarter reflecting a seasonally weaker demand in most end markets. Tan Lay Koon, President and Chief Executive Officer of STATS Chip...
