HELSINKI – In July 2023, Incap acquired Pennatronics Inc., an Electronics Manufacturing Services company located in Pennsylvania, USA. The acquisition agreement included a potential additional earn-out based on Pennatronics' EBITDA for the financial year ended March 2024. The maximum amount of the additional earn-out is USD 3.0 million (EUR 2.8 million), and it has now been paid in full to the sellers.

The acquisition of Pennatronics Inc.

Pennatronics Inc. was renamed Incap Electronics US, Inc. and the company is now a wholly owned subsidiary of Incap Corporation. The company has been reported as part of Incap Group as of July 2023.

The enterprise value of Pennatronics was USD 18.6 million (EUR 17.1 million). The acquisition was financed with a loan of EUR 19.5 million. In addition, approximately USD 1.6 million (EUR 1.5 million) was paid in Incap shares to Pennatronics’ shareholders.

The acquisition of Pennatronics is in line with Incap's growth strategy. It establishes Incap's position in the U.S. market and has created a foothold for further expansion there. Pennatronics' US production facility complements Incap's production facilities in Estonia, India, in the U.K. and in Slovakia. As a result of the acquisition, Incap's customer base broadened. In the United States, Incap is able to offer services to its existing and new customers, and Pennatronics' customers benefit from opportunities to source services in Europe and India. In the long term, the acquisition is expected to bring cross-selling opportunities and synergy benefits in e.g. material procurement.

BLAUBEUREN, GERMANY – In order to inspire qualified specialists to work in an industrial company, it is important to present yourself as a sustainable and innovative company with development opportunities: We gave students specializing in electronics, industrialization and supply chain strategy (logistics and purchasing management) an insight into the product diversity and production at Rehm Thermal Systems in Blaubeuren.

ESTI Master's students acquire in-depth knowledge in the fields of electronics, industrialization and supply chain strategy (EISC) during the theoretical phases of their studies, which is applied in practice during their time at a French company from the electronics industry, such as Safran, Thales, Sercel, Cofidur EMS, Asteelflash, éolane and Selha Group.

A five-day trip to Germany gave a small group of these students the opportunity to visit companies (ASYS, EKRA, SYSTRONIC, ZESTRON, Rehm Thermal Systems and Scheugenpflug) that manufacture equipment used in their partner companies.

On 11 April 2024, the 18 participants, accompanied by their professor and director Dr Jamal Rammal, were guests at Rehm Thermal Systems in Blaubeuren: The morning started with a mutual introduction, a general introduction to the company, a presentation of the product portfolio and seminars in small groups on the topics of application, convection soldering and condensation soldering. During a subsequent tour through the production halls, many students discovered familiar systems from the practical phases in the companies. The day was rounded off with demonstrations on systems from the Vision and Condenso Series in our Technology Centre to learn more about the advantages of reflow soldering with vacuum – a highlight for everyone involved!

We would like to thank our visitors for the pleasant exchange – perhaps we will meet again!

Next year's visit is already being planned.

FARNBOROUGH, UK – GEN3, a global leader in SIR, CAF, solderability, ionic contamination, and process optimization equipment, continues to drive innovation with its comprehensive suite of advanced inspection and testing solutions. Celebrating over 50 years at the forefront of designing, engineering, manufacturing and distributing state-of-the-art products that shield circuits from failure in the field, GEN3 recently hosted a comprehensive training week for the distribution teams of Microsolder, one of its premier distribution partners.

The event took place at GEN3's headquarters in Farnborough, England.

"We recently attended a course organised by GEN3, which proved to be very useful for us,” stated Zoltán Jakab, Senior sales Manager & Master IPC Trainer at Microsolder. “During the training, we learned a lot about the product range (MUST3; CM; AutoSir2+; AutoCAF2+), which will help us to be more efficient in sales and service. In addition to the practical training, we also received detailed theoretical knowledge, which has provided us with the basis for improving our skills.”

With a dedicated team of industry experts committed to setting standards for circuit testing, measurement and compliance, GEN3 collaborates with key associations to educate and mentor customers on achieving precision and success. Their reputation for excellence has grown to a global scale, offering unmatched product protection and minimizing risk in high-reliability applications where there is no room for error.

“We feel that we have built a future-proof relationship with them that will continue to bring many benefits to both parties,” said Bence Fekete, Sales & Technical Support, Microsolder. “The expertise and professionalism of GEN3 was impressive and we are confident that we can work well together in the future.”

The week-long training provided an immersive learning experience for the distributors, covering the latest advancements in soldering technology, product features, applications, and best practices. Microsolder’s Bence Fekete – Sales & Technical Support, and Zoltán Jakab – Senior Sales Manager & Master IPC Trainer, received hands-on training from GEN3's team of experts and product specialists, gaining valuable insights into the company's product portfolio.

"We are committed to empowering our distribution partners with the knowledge and expertise they need to effectively represent our products and deliver exceptional value to their customers," said Andy Naisbitt, CEO of GEN3. "The training was an invaluable opportunity for GEN3 to collaborate with Microsolder, deepening their knowledge of our cutting-edge products and keeping them ahead of the curve in this rapidly evolving industry."

The Distributor Training Week offered a comprehensive program, including:

Attendees participated in hands-on sessions and demonstrations, including the unveiling of the Next Generation CM Contaminometer. These sessions provided detailed sales training, technical specifications, and performance capabilities of GEN3’s product portfolio, including:

• MUST3
• AutoCAF
• AutoSIR
• CM Contaminometer

GEN3 is dedicated to fostering strong partnerships with its distribution network and providing ongoing training and support to ensure their success. By investing in the education and development of its distribution partners, the company aims to deliver superior test solutions and exceptional customer experiences worldwide.

For more information about Gen3 and its innovative testing solutions, visit www.gen3systems.com 

SAN JOSE, CA – Naprotek, LLC, a leading provider of high-reliability, quick-turn electronics manufacturing, is excited to announce its participation in this year’s International Microwave Symposium (IMS). The event is scheduled to take place from June 16-21 in Washington, D.C., and Naprotek will showcase its advanced electronics manufacturing capabilities at booth #2105.

“Naprotek has been growing exponentially over the past few years, validating our complete solutions offering is truly resonating with our customer base,” stated Tim Filteau, COO of Naprotek. “We are excited to have our leadership team connect with existing and potential customers and industry press at IMS, where we can showcase our manufacturing capabilities in RF & microwave technologies.”

Complementing Naprotek’s core offerings in printed circuit board assembly and box build, SemiGen combines a deep technical expertise in RF/Microwave microelectronics manufacturing and test with a suite of build-to-print thin film and discrete semiconductor products, providing a full spectrum of advanced manufacturing capabilities.

Manufacturing experts from both Naprotek and SemiGen will be available at the exhibition booth to discuss current and future programs with original equipment manufacturers. For those interested in a private meeting during the symposium to discuss their products, visit IMS 2024 in Washington, D.C., Booth #2105.