News
SAN JOSE – Sanmina-SCI reported first-quarter revenue of $2.53 billion, up a slight 0.8% sequentially and down almost 9% year-over-year. The results were inline with company guidance.
ELKHART, IN – CTS Corp. will acquire privately held Tusonix Inc. for $12.25 million cash. The deal is expected to close by the end of January. No other terms were disclosed.
Tusonix designs and manufactures ceramic EMI/RFI filters, capacitor assemblies and related components, serving the military, industrial, instrumentation and telecom markets. The company operates from facilities in Tucson, AZ and Nogales, Mexico.
First year sales are estimated at approximately $15 million. The worldwide market for the acquired products is estimated to exceed $100 million.
CTS provides EMS services and builds automotive components.
STOCKHOLM – EMS firm Note will acquire Gloucestershire, U.K.-based EMS company Proqual, the companies announced today. No financial terms of the agreement were disclosed.
Note also announced the sacking of 124 employees in Sweden last week, as the company moves production to China and Poland.
Proqual specializes in prototype and small-run production. The company has annual sales of $7 million and 40 employees.
Note had 2006 sales of $270.9 million, and employs 1,200 worldwide.
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