NEW YORK -- Private equity firm Francisco Partners has purchased Vitronics and Universal Instruments, Circuits Assembly has learned.
An announcement is expected later today. Terms
were not disclosed and the transaction is subject to normal closing conditions
and regulatory approval. Privately held Francisco
focuses on
investments in technology and related services businesses.
NEW YORK -- Sales of benchtop SMT equipment for low-volume, high-mix production has been on a steady rise, says Frost & Sullivan in a new report.
The research firm says revenues for the equipment would rise to $363.7 million in 2012, from $152.4 million in 2005.
“Being an
intensely competitive and fast-paced industry, electronics relies on
constant innovation and improvement of its products to sustain interest
among customers,” said analyst Deepa Mathew. “SMT benchtop equipment
plays a crucial role by providing a high degree of flexibility and
desired performance to suit low-volume, high-mix production
requirements.”
NEW YORK — Automotive telematics and navigation — including hardware and services — will experience strong growth in several world regions, generating in total revenues of $38.3 billion in 2011, according to a new study by ABI Research.
"Telematics and navigation systems are converging," says transportation research associate Steve Bae.