MANAMA, BAHRAIN – An investment group on this Indian Ocean island nation has purchased a majority stake in EMS provider Victron.
Victron has a 130,000 sq. ft. manufacturing plant in Fremont.
"Our partnership with Unicorn will allow us to further leverage our core competencies to serve the growing number of companies with high-mix electronics needs," said Victron president Chris Lee. "We are excited at the opportunity of working with Unicorn's team to explore international expansion opportunities."
Unicorn Investment Bank invested $70 million to acquire an 80% equity stake in the Fremont, CA-based EMS company. Its management team is expected to stay on.
"Victron combines strong execution capabilities with highly-flexible operations, resulting in a unique and highly-competitive business model," said Unicorn global private equity managing director Aamir Khan, in a statement.
"Victron combines strong execution capabilities with highly-flexible operations, resulting in a unique and highly-competitive business model," said Unicorn global private equity managing director Aamir Khan, in a statement.
Victron has a 130,000 sq. ft. manufacturing plant in Fremont.
"Our partnership with Unicorn will allow us to further leverage our core competencies to serve the growing number of companies with high-mix electronics needs," said Victron president Chris Lee. "We are excited at the opportunity of working with Unicorn's team to explore international expansion opportunities."
WASHINGTON -- The U.S. Department of Commerce has named industry veteran Dr. Jennie S. Hwang to the District Export Council.
Her four-year term begins this month and runs through Dec. 31, 2011.
Her four-year term begins this month and runs through Dec. 31, 2011.
BRIDGEVILLE, PA – Amherst Systems Associates has published a no-cost test script for their M1 Oscilloscope Tools software that enables DDR3 compliance testing on Tektronix, Agilent, LeCroy or Yokogawa oscilloscopes.
Visit www.ScopeApplications.com for more information.
Visit www.ScopeApplications.com for more information.
ELKHART, IN – CTS Corp. named Donna L. Belusar senior vice president and chief financial officer, effective Jan. 21.
Belusar replaces Vinod M. Khilnani, who was appointed to president and chief executive in July.
Belusar has most recently served as executive CFO, Global Financing Americas Division of IBM Credit. She began her career with IBM in 1982.
Belusar replaces Vinod M. Khilnani, who was appointed to president and chief executive in July.
Belusar has most recently served as executive CFO, Global Financing Americas Division of IBM Credit. She began her career with IBM in 1982.
ANGLETON, TX – EMS provider Benchmark Electronics announced it continues to expect fourth quarter revenue of between $700 million and $740 million.
RENTON, WA – Microscan has named former Siemens
and Universal Instruments executive Jeff Timms president.
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