News
ESPOO, FINLAND – PCB maker Aspocomp Group will buy the minority stake in its ACP Electronics Ltd. joint venture from Taiwanese partner Chin-Poon Holdings,
the company said today.
Aspocomp will spend 37.8 million euros to purchase the 49% minority interest in the Suzhou, China-based company. The deal is expected to be finalized in March.
Aspocomp Group Oyj owns 51% of ACP Electronics, and the JV’s net sales and results have been consolidated into Aspocomp's figures since 2001.
Aspocomp
expects the acquisition will be accretive to the company’s result. Last year, Aspocomp
reported net sales of 149 million euros. It was the 57th largest PCB fabricator in 2005, according to Dr. Hayao Nakahara of NT Information.
IRVING, TX – Top tier EMS firm Elcoteq has won a multi-year contract to build base stations and other products for Redline Communications. Other terms were not disclosed.
Under the deal, Elcoteq will be the primary EMS provider of manufacturing and NPI services for Redline’s RedMAX family of base stations and devices and its RedCONNEX backhaul products.
Elcoteq will provide low- to medium-volume production, full system integration, warranty repair and order fulfillment. NPI and manufacturing services will be handled through Elcoteq’s facilities in Dallas and Juárez, Mexico.
FRANKLIN, MA – On Apr. 19, Speedline will offer a Webcast on practical applications of design of experiments (DoE) and SPC. The Webinar will discuss factorial design and provide simple techniques with examples engineers and technicians can adapt to their production processes. The one-hour presentation begins at 11:00 a.m. EDT. For more information and to register, visit www.speedlinetech.com/seminars.
GLENVIEW, IL – Illinois Tool Works today reported operating revenue rose 15% for the three months ended Feb. 28. The conglomerate saw 2% growth from existing divisions and 11% from acquisitions.
Among ITW's major electronics assembly company holdings are Kester Solder, Speedline Technologies and ITW Chemtronics.
HANNOVER, Germany – Support for AMD’s new standard for small form factor PCs is growing, the chipmaker said today.
DTX open standard specification helps OEMs and suppliers to develop energy-efficient small form factor products that are smaller, quieter, and desktop-friendly. Akasa, Albatron, ASUS, Asetek, Compucase, ECS, Founder, FSP, Gigabyte, Hedy, NVIDIA, Shuttle, SilverStone Technology, Thermaltake and Tongfang have expressed support for DTX, AMD said.
SAN
FRANCISCO -- The CFO and and executive vice president of Juniper Networks have resigned, the company said last night.
Juniper chief executive Scott Kriens said resignations were "not at all related to the financial model or the financial performance of the company." Juniper filed required financial statements for fiscal 2006 last Friday, following delays due to an internal probe into the network gear OEM's employee stock options disbursements.
Juniper chief executive Scott Kriens said resignations were "not at all related to the financial model or the financial performance of the company." Juniper filed required financial statements for fiscal 2006 last Friday, following delays due to an internal probe into the network gear OEM's employee stock options disbursements.
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