Unicorn Investment Bank invested $70 million to acquire an 80% equity stake in the Fremont, CA-based EMS company. Its management team is expected to stay on.

"Victron combines strong execution capabilities with highly-flexible operations, resulting in a unique and highly-competitive business model," said Unicorn global private equity managing director Aamir Khan, in a statement.

Victron has a 130,000 sq. ft. manufacturing plant in Fremont.

"Our partnership with Unicorn will allow us to further leverage our core competencies to serve the growing number of companies with high-mix electronics needs," said Victron president Chris Lee. "We are excited at the opportunity of working with Unicorn's team to explore international expansion opportunities."

BRIDGEVILLE, PA – Amherst Systems Associates has published a no-cost test script for their M1 Oscilloscope Tools software that enables DDR3 compliance testing on Tektronix, Agilent, LeCroy or Yokogawa oscilloscopes.

Belusar replaces Vinod M. Khilnani, who was appointed to president and chief executive in July.

Belusar has most recently served as executive CFO, Global Financing Americas Division of IBM Credit. She began her career with IBM in 1982.