MINNEAPOLIS, MN – Nortech reported third quarter net sales of $29.5 million, an increase of 11.7% year-over-year. The revenue improvement was primarily due to higher production volume resulting from actions to scale the direct labor workforce and strengthen the supply chain for parts.
BRONSCHHOFEN, SWITZERLAND – Cicor Group acquired 100% of the shares of Axis Electronics for an undisclosed sum.
SAN DIEGO — IPC issued a call for abstracts for poster presentations at IPC Apex Expo to be held here. Poster presentation networking sessions are scheduled for Feb. 25, 26, and 27 on the show floor.