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MINNEAPOLIS – Nortech Systems reported net sales of $27.3 million for the second quarter, down 4.2% year-over-year.

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BANG KADI, THAILAND – SVI Public Co. has approved the establishment of a subsidiary registered in India.

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STOCKHOLM – Hanza Holding acquired Ritter Elektronik for approximately €12 million (US$13.4 million), including €7.2 million cash and three million shares.

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