News
MUNICH - Siemens will acquire industrial software supplier UGS for $3.5 billion from private equity investors Bain Capital, Silver Lake Partners and Warburg Pincus. The deal is subject to approval.
YAVNE, ISRAEL – Valor Computerized Systems has appointed Stephan Haefele president of European operations. Stephan Haefele joins Valor from simulation software company Sigma-C Software AG, where he was responsible for strategic accounts and European sales. Prior to this role, Stephan held positions at GSI Lumonics and Orbotech. He started his career as an independent sales representative for Valor, EIE Systems and ETEC in Central Europe. David Bengal, former president of Valor European operations, was named corporate vice president of marketing.
FRANKLIN, MA - Speedline Technologies announced that PKC Electronics Oy has purchased three Electrovert OmniFlex 10 reflow ovens, an MPM Accela printer, and an Electrovert VectraElite wave soldering system. The machines will be used in production lines in Raahe, Finland, and Kostomuksha, Russia. PKC and Speedline also jointly developed a center board support system for the ovens.
