SPOKANE, WA – Selective solder equipment provider Robotic Process Systems Inc. has been acquired by an investor group led by GaitherCapital, a private equity firm based in San Francisco. No terms were disclosed.
Robotic Process Systems will operate under the name RPS Automation LLC and will continue to develop, manufacture, and market its products and services globally.
Jess Baker, a founder of the company, will be president of RPS Automation.
He will be joined by Reed Gaither, the new CEO, and Kari Novatney, a managing director of GaitherCapital, as CFO.
TAIPEI — Compal Electronics will invest $500 million to build notebook PCs in Vietnam. It also plans to expand into LCD TVs, said chairman Rock Hsu Sheng-Hsiung at the ODM's June shareholders meeting.
The company, which counts Dell among its customers, is also investigating sites in Brazil, according to published reports.
Compal's primary factory is in Kunshan, China. The company employs more than 20,000 workers and expects sales to top $10 billion this year.
MORRISVILLE, NC – Juki Automation Systems will offer a full three-year parts warranty to every customer on all new placement systems sold in the Americas and Europe.
That beats the industry standard one-year warranty on placement machines.
In a statement, Juki president and CEO Bob Black said, “A three-year parts warranty is unprecedented in our industry. The quality from our factory in Japan is so high that the extra two years of warranty costs us very little. Our customers can pencil in zero dollars on their parts budget for three years, even if they run the machines 24/7.”