News
VADODARA, GUJARAT, INDIA – Aimtron Electronics has secured approximately $12 million through the issuance of convertible warrants to fund a new electronics manufacturing facility here. The financing round, approved by the board, saw participation from promoter group members Mukesh and Nirmal Vasani and institutional investors.
NEEDHAM, MA – Global smartphone shipments grew 1.0% year-over-year in the second quarter, reaching 295.2 million units, according to preliminary data from IDC’s Worldwide Quarterly Mobile Phone Tracker. The modest uptick comes despite persistent macroeconomic uncertainty and weaker-than-expected demand in China.
STOCKHOLM – Note reported flat sales in the second quarter while continuing to build profitability and cash flow, prompting the company to narrow its full-year sales guidance.
FINLAND & ITALY – Scanfil has announced a strategic merger with Italian-based MB Elettronica, building its position in the European EMS market. The move brings Scanfil’s global factory count to 16 across four continents and grows its workforce to over 4,500.
STOCKHOLM – Mycronic reported strong financial results for the second quarter, prompting the company to raise its full-year revenue outlook to $710 million, up from a previous forecast of $660 million – $710 million.
NORWAY – Kitron reported second-quarter results, with revenue reaching $187.2 million, driven by continued strength in the Defense & Aerospace market and growth in the Industry sector. The company also raised its full-year outlook on the back of strong momentum and newly secured contracts.
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