News
PHOENIX – Avnet Inc. announced it plans to acquire Berlin-based passive components distributor Betronik GmbH. No other terms were announced.
Betronik reported 2006 revenues of approximately $40 million. It employs about 80 people in its logistics center in Berlin, seven sales offices across Germany and one in France. The acquisition is subject to final approval by German antitrust authorities.
Betronik and French subsidiary DEL S.A. will be combined with Avnet Time in Germany and France, respectively. The newly formed business will operate within Avnet Electronics Marketing EMEA under the Avnet Time brand.
As a result of the merger, Ingeborg and Horst Mergener, managing directors and founders of Betronik, will lead the sales organizations in Germany, reporting to Michael Danylow, president of Avnet Time.
ATLANTA – UP Media Group Inc., parent company of Circuits Assembly and Printed Circuit Design & Manufacture, has issued a call for abstracts for PCB East 2008, which will be held May 11-16 at the Holiday Inn Select and Convention Center in Tinley Park, IL.
STOCKHOLM – Note will acquire 50% of a Philippines-based Ionics EMS facility in China, the company said today. The deal is expected to be accretive to sales and earnings starting in 2008. No other financial terms were disclosed.
Press Releases
- Altus Helps to Enhance Nexperia's Production Capabilities with Essemtec Fox MFC
- AIM to Highlight NC259FPA Ultrafine No Clean Solder Paste at SMTA Long Island Expo & Tech Forum
- BTU International Announces Strategic Partnership with Repstronics to Enhance Presence in Mexico and Central America
- High-Performance TIMs: Beyond Traditional TIM Materials