MINNEAPOLIS, MN – Nortech reported third quarter net sales of $29.5 million, an increase of 11.7% year-over-year. The revenue improvement was primarily due to higher production volume resulting from actions to scale the direct labor workforce and strengthen the supply chain for parts.
BRONSCHHOFEN, SWITZERLAND – Cicor Group acquired 100% of the shares of Axis Electronics for an undisclosed sum.
SAN DIEGO — IPC issued a call for abstracts for poster presentations at IPC Apex Expo to be held here. Poster presentation networking sessions are scheduled for Feb. 25, 26, and 27 on the show floor.
SAINT-HERBLAIN, FRANCE – Lacroix Group reported third quarter electronics revenue was €70.5 million (US$81.7 million), down 6.1% year-over-year. This downturn relates to disruptions in the availability of components and the indirect consequences of plant shutdowns at several auto manufacturers over the period.
ATLANTA – CIRCUITS ASSEMBLY today reopened registration for its annual Service Excellence Awards (SEAs) for EMS providers and electronics assembly equipment, material, service, and software suppliers. The 2022 program returns to its original format after a focus group of past participants emphasized the value of the feedback they receive from their customers.
PERAK, MALAYSIA – Scope Industries said it will divest its oil palm plantation to focus solely on its electronics manufacturing services business, according to reports.