News
TREDEGAR, WALES -- LED lighting OEM PhotonStar LED Group has acquired EMS firm Camtronics Vale in a deal that could be worth up to £375,000.
WAYZATA, MN – For the quarter ended Mar. 31, Nortech Systems reported net sales of $29 million, up 33% year-over-year.
Net income for the first quarter totaled $600,000, compared to net income of $100,000 in the same quarter of 2010.
The company’s acquisitions, including Winland’s EMS operations, accounted for $5.5 million of the increase.
The firm’s 90-day backlog increased to $20 million, compared to $19 million for the same period last year, and $18.5 million at the start of the quarter.
Nortech is a contract electronics manufacturer of wire and cable assemblies, printed circuit board assemblies, higher-level assemblies and box builds.
LAGUNA, PHILIPPINES -- Integrated Micro-Electronics Inc. reported net income of $377,000, down from $3.2 million a year ago, on higher material and shipping costs and currency fluctuations. The EMS firm plans to expand to Mexico and Europe soon, the company's top executive said.
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