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SAN JOSE -- Bay area EMS firm Bestronics has promoted Nat Mani to chief executive, superseding cofounder James Choe, who is retiring. Mani has been president of the company since 2012.

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AESCH, SWITZERLANDEssemtec has been purchased by private investors with an industrial background.

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ST. PETERSBURG, FL -- Jabil Circuit reported fiscal fourth-quarter 2013 revenues increased 11% from last year to $4.81 billion, on strong performance across all end-markets. The firm's Diversified Manufacturing unit saw revenue rise 11% to $2.1 billion.

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