News
BRUSSELS – IPTE will sell its money-losing PCB test division to two company shareholders for 2 million euros ($2.9 million) plus certain additional royalties, the firm announced today.
In a statement, IPTE said it would sell its automation business to Huub Baren and Vladimir Dobosch, whom together own about 34% of IPTE. Baren also is the company's founder.
The terms call for IPTE to receive an additional amount based on the division's profits through December 2012. The sale is subject to shareholder approval and is planned to close in the first quarter 2010.
IPTE plans to take a one-time fourth quarter charge of 17 million to 18 million euros. It is one of Europe's largest EMS companies, with 2008 sales of 166 million euros ($240.7 million), according to the CIRCUITS ASSEMBLY Top 50.
WESTLAKE, OH – Nordson Corp. has named Michael F. Hilton as president and chief executive officer, effective Jan. 16.
KISSIMEE, FL – Diagnosys Systems is expanding its Kissimmee, FL, PCB test and repair facility in response to greater demand.
Press Releases
- PEMTRON to Showcase Cutting-Edge Inspection Systems at Kyushu Semiconductor Industry 2024
- SP Manufacturing to Highlight Its Decades of Medical Manufacturing Experience at MMA 2024
- Amtech Unveils Cutting-Edge AI Integration to Revolutionize Customer Solutions
- VS Industry Secures New Orders In The Philippines With Expected Revenue Of RM1.5 Bil