FRAMINGHAM, MA – The smartphone market continues to be challenged, and 2019 is projected to experience its third consecutive year of declining shipments, says International Data Corp. Worldwide smartphone volumes are forecast to fall 0.8% in 2019, with volumes dipping to 1.39 billion.

SINGAPORE – ASM Pacific Technology’s SMT solutions segment posted 2018 revenue up 19.1% to $1.03 billion, contributing 41.1% to the firm’s revenue.

SCHAUMBURG, IL -- A Cerberus Capital Management subsidiary has completed its acquisition of Sparton for $18.50 per share, or roughly $182 million.

MERRIMACK, NH -- Virtex Enterprises has acquired Circuit Technology, a contract manufacturer of high-mix, low-volume production of mission-critical products.