News
GLENVIEW, IL – Illinois Tool Works today reported an operating revenue increase of 11% for the three months ended Nov. 30 versus the year-ago period.
Organic revenues contributed 9% to total revenue growth in the third quarter. In addition, acquisitions added 3% to top-line growth.
Sales at the company’s Power and Electronics unit were up 22.8%. The segment includes Speedline Technologies, Kester Solder, Vitronics-Soltec and other leading electronics manufacturing suppliers.
The 2010 fourth-quarter forecast assumes a total revenue growth range of 7% to 9%.
For full-year 2010, ITW forecasts a revenue growth range of 13% to 14%.
SCHWANDORF, GERMANY -- EMS firm EN ElectronicNetwork has acquired the manufacturing site of Görmiller Electronic out of insolvency.
No financial terms were disclosed for the deal, which took effect immediately.
The Görmiller site, located in Schwandorf, gives EN ElectronicNetwork its fifth site in Germany.
SAN JOSE – Worldwide semiconductor manufacturing equipment billings reached $11.12 billion in the third quarter, up 22% sequentially.
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