News
BILLINGSTAD, NORWAY – Kitron ASA has signed an agreement to acquire 100% of the shares in Veru Electronic GmbH for 700,000 euros (about $1.1 million).
The closing of the deal is subject to reaching an agreement about the debt financing of the company, and is scheduled for early 2010. After the close, Veru will become a wholly owned subsidiary of Kitron ASA.
In announcing the deal, Kitron said the company was attractive because of its location. “It is part of Kitron ASA’s strategy to enter into new geographical markets," said Roger Hovland, corporate vice president. Germany is the largest EMS market in Europe and is seen as having the highest potential for further outsourcing, the company said. "Having a local entity gives credibility and shows long-term commitment," Kitron said in a press release.
Veru will be used for prototype and NPI work, the company said.
Veru, which operates a 25,000 sq. ft. plant in Großbettlingen, had 25 employees and sales of 2 million euros in 2007, according to the CIRCUITS ASSEMBLY Directory of EMS Companies.
BUCKS, UK – Some 70% of all end-of-line defects are associated within the printing process, according to a recent study conducted by the SMART Group.
The results came from a poll of SMART Group members as a lead-in to its “The Road to ZERO Defects” workshop. Attendees were taken through 42 recommended audit steps for pre-placement during the workshop, the first in a back-to-basics series to celebrate the group’s 25th anniversary.
Presentations covered solder paste, process contamination, printing platforms, stencil specifications, solder paste inspection SPI/SPC, and stencil cleaning and housekeeping.
The series includes sessions on reflow soldering; materials; wave and selective soldering, flux selection; and hand assembly and rework.
ST. PETERSBURG, FL -- Jabil Circuit reported fiscal first-quarter sales of $3.1 billion, down 8.8% from last year. After taking large restructuring charges a year ago, the EMS company swung to a profit in the latest quarter.
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