News
VANCOUVER – Creation Technologies, a top 50 EMS provider, plans to acquire Taytronics Inc. of St. Peter, MN. The acquisition will provide Creation with a second facility in the central U.S. and is expected to be finalized July 29. Other financial details were not disclosed.
TOKYO – Meiko Electronics Co., known for PWB fabrication, is building an assembly plant in Vietnam, according to published reports.
The company is investing $32.4 million in an 18,000 sq. meter facility in Ha Tay Province, Business in Asia Today reported. Meiko will break ground in August, and operations are scheduled to begin next June.
The assembly plant is situated next to a PWB plant scheduled to come online in 2007.
Meiko has 4,500 employees and generates nearly $400 million in sales from its six facilities in Japan and China.
LYSAKER, NORWAY – Kitron ASA will acquire EDC i Munkfors' subsidiary EDC Elsis UAB in Kaunas, Lithuania, for SEK 14 million.
The deal is subject to customary closing conditions, which are expected to be completed by August.
Further agreements may be forthcoming, the companies said.
Kitron, which supplies electronics to the medical, defense and telecom industries and performs EMS work, has annual sales of 1.7 billion NOK and employs 1,300.
The EDC site employs about 40 people at its 2,000 sq. meter manufacturing facility.
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