News
GREENVILLE, SC -- Kemet Corp. today announced a definitive agreement to
purchase the tantalum capacitor business of Epcos AG for $101.9 million. The deal is expected to close next spring, subject to standard closing conditions and receipt of required
regulatory approvals.
SHANGHAI -- Tyco Electronics is "aggressively" expanding its operations in Shanghai, adding thousands to its workforce while it trims its capacity in the U.S. and Europe.
According to a report today from Deutsche Bank analyst Carter Shoop, Tyco is Electronics hired 4,000 employees in China in fiscal 2005, and plans to add another 6,000 to 7,000 in fiscal 2006. A new engineering center is planned as well.
According to a report today from Deutsche Bank analyst Carter Shoop, Tyco is Electronics hired 4,000 employees in China in fiscal 2005, and plans to add another 6,000 to 7,000 in fiscal 2006. A new engineering center is planned as well.
SAN FRANCISCO -- 2005 was a year for consolidation among distributors, and market conditions will drive further merger activity in 2006, an analyst said today.
In 2005, Avnet bought Memec, Arrow acquired Ultra Source, World Peace teamed with SAC and RichPower. Also, Yosun acquired two smaller Asia-based distributors for Texas Instruments.
"Look for more of the same in 2006," wrote Carter Shoop, an analyst at Deutsche Bank, in a research note issued today.
Shoop said that lack of growth in North America and Europe, "coupled with incentives from suppliers to develop a more comprehensive Asian footprint and pressure from customers to offer a broader line card, are driving consolidation in the fragmented Asian distribution market."
In 2005, Avnet bought Memec, Arrow acquired Ultra Source, World Peace teamed with SAC and RichPower. Also, Yosun acquired two smaller Asia-based distributors for Texas Instruments.
"Look for more of the same in 2006," wrote Carter Shoop, an analyst at Deutsche Bank, in a research note issued today.
Shoop said that lack of growth in North America and Europe, "coupled with incentives from suppliers to develop a more comprehensive Asian footprint and pressure from customers to offer a broader line card, are driving consolidation in the fragmented Asian distribution market."
Press Releases
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- Selectronic Assembly Welcomes Eliud Herrera as Production Manager
- SP Manufacturing Holds Milestone Anniversary Celebration