News
ANGLETON, TX – Benchmark Electronics reported quarterly profits fell 24% on a 3% drop in sales for the period ended Dec. 31.
PARIS – Asteel continued its buying spree, today announcing the acquisition of MRP Electronics PLC, a UK-based EMS company. Financial and other terms were not announced.
MRP had reported 2007 sales of 12 million pounds, according to published accounts. It operates a 30,000 sq. ft. plant in Bedford, UK.
As previously reported by Circuits Assembly, Asteel's planned acquisition of Flash Electronics creates a $750 million EMS firm with 18 manufacturing sites and more than one million sq. ft. of factory space worldwide, plus a subsidiary in Romania.
Asteel is privately held and headquartered in Paris.
“This acquisition could not have come at a better time as some of our larger customers were considering taking their high volume work to the Far East,” MRP managing director Mike Perry said in published reports. “Now they can keep their MRP contacts – even for high volume production.”
MALVERN, PA – Vishay Intertechnology’s fourth-quarter profits fell 81% year-over-year on one-time costs; the company earned $4.9 million.
Revenue rose to $729.6 million for the quarter, up nearly 13% year-over-year.
The company reported restructuring and severance costs of $40.2 million.
For the year, profits fell 6.4% to $130.7 million year-over-year. Revenue rose to $2.83 billion, up 8.8% compared to 2006.
Revenue rose to $729.6 million for the quarter, up nearly 13% year-over-year.
The company reported restructuring and severance costs of $40.2 million.
For the year, profits fell 6.4% to $130.7 million year-over-year. Revenue rose to $2.83 billion, up 8.8% compared to 2006.
SANTA CLARA, CA – Agilent Technologies will showcase its latest test and inspection solutions at Virtual PCB on Feb. 12-13.
A first for Agilent, the virtual trade show permits visitors to view their products from office or home.
Agilent will showcase new products for automated optical inspection, automated x-ray inspection, in-circuit test technology and automotive functional test.
Visitors can interact real-time with booth duty staffers or send questions to the company’s panel of experts.
To register, visit www.virtual-pcb.com.
A first for Agilent, the virtual trade show permits visitors to view their products from office or home.
Agilent will showcase new products for automated optical inspection, automated x-ray inspection, in-circuit test technology and automotive functional test.
Visitors can interact real-time with booth duty staffers or send questions to the company’s panel of experts.
To register, visit www.virtual-pcb.com.
MACAO, CHINA – Nam Tai Electronics reported fourth quarter net sales of $186.9 million, down 18.6% year-over-year. Gross profit was $21 million, a decrease of 4.4% compared to the same quarter of 2006.
WEST BRIDGEWATER, MA – Sunburst EMS announced the purchase of New England Wire Assemblies.
No financial terms of the agreement were disclosed.
No financial terms of the agreement were disclosed.
“The acquisition of New England Wire Assemblies broadens our service portfolio with extensive cable assembly expertise and tooling,” said Andrew Chase, Sunburst president and CEO.
New England Wire Assemblies specializes in the production of custom wire harnesses and cable assemblies. The company has provided epoxy custom molded assemblies, discrete wire and multi-conductor cables, connectors for high vacuum applications and other electromechanical assemblies.
Sunburst EMS provides contract electronics manufacturing services, including design, prototyping, PCB assembly, conformal coating, box build and supply chain management.
Press Releases
- SEMI Applauds Statement from Senators Crapo and Wyden Supporting U.S. Tax Credit for Semiconductor Manufacturing
- ECIA’s July Industry Pulse Sentiment Index Suffers Summer Slide and Dips 12.5 Points from June High
- Datest to Host Siemens EDA Webinar on Data-Driven PCB Test Planning for Increasingly Complex Electronics Designs
- StenTech Expands North American Manufacturing Capacity Through Strategic Investment