FRANKFURT -- Siemens AG plans to divest its Electronic Assembly Systems unit by the end of September, the company said today. The unit employs about 2,100 workers and had reported sales in the "medium three-digit million euros range," a German newspaper reported.
ST. LOUIS -- LaBarge Inc. today raised its earnings guidance, announcing
that it expects financial results for its fiscal third quarter will
significantly top those of the last quarter and last year.
STRATHAM, NH – ITW has acquired Vitronics-Soltec from
Francisco Partners for an undisclosed sum. The deal creates the world’s largest
supplier, in revenues, of wave soldering equipment.
ITW plans to let the two units operate independent of each
other, although there is speculation that arrangement won't last for long.