News
MIAMI – A Heico Corp. subsidiary has acquired Dukane’s Seacom division, a maker of underwater locator beacons. Financial terms were not disclosed.
The business, which Heico has renamed Dukane Seacom, will be part of Heico’s Electronic Technologies Group. Its operations will remain in St. Charles, IL.
The firm said Dukane Seacom's management would remain with the business in their pre-acquisition roles. It does not expect other near-term staff turnover to result.
Heico expects the acquisition to be accretive to its earnings per share during the year following closing.
SAN JOSE – North America-based manufacturers of semiconductor equipment posted $732.8 million in orders in September, up 19.3% sequentially and 12.8% year-over-year, SEMI said today. Bookings rose year-over-year for the first time in 28 months.
ROROS, NORWAY – Original design manufacturer Norbit has, with local employees, purchased Kitron Microelectronics AS. The operation has changed its name to Norbitech AS.
In a statement, Kitron CEO Jørgen Bredesen said, "We are very satisfied with the agreement reached and in particular that we have been able to secure continued operation and employment for the employees at Røros. We are confident that with Norbit AS as a strategic partner and significant shareholder, the operation at Røros will have a solid foundation to succeed outside Kitron."
Norbit is an ODM supplier of industrial electronics.
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