News
FORT COLLINS, CO – EMS firm RPM Electronics will shutdown by the end of February, putting 70 employees out of work, according to published reports.
The firm, founded in 2001 as RPM Technology, had recently lost business from two big customers – Advanced Energy Industries and Plasmon – which made up about half of RPM's sales.
Since March, RPM has been owned by RAD Electronics.
TOKYO – Panasonic Corp. shareholders have agreed to offer $9 billion for Sanyo, a deal that could make way for one of the world’s largest electronics firms. Investment bank Goldman Sachs, a major Panasonic shareholder, has agreed the to plan, according to reports. Sanyo would become a Panasonic subsidiary under the deal, which is expected to be completed by February.
Panasonic, which until recently operated under the name Matsushita, is the world’s fourth largest maker of electronics and electrical equipment, while Sanyo ranks 15th. The combined company would have combined revenues of about $113 billion, ranking second, behind Siemens.
Panasonic, which until recently operated under the name Matsushita, is the world’s fourth largest maker of electronics and electrical equipment, while Sanyo ranks 15th. The combined company would have combined revenues of about $113 billion, ranking second, behind Siemens.
Sanyo’s profits dropped about 67% to $49 million in the September quarter. Panasonic's profit for the quarter fell 16% to $624 million.
STOCKHOLM – EMS provider NOTE has acquired all shares in Oslo-based
electronics manufacturer Norteam Electronics AS, the company said. Financial details were not disclosed.
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