BILLINGSTAD, NORWAY – Kitron's revenue was NOK 442.9 million ($77.1 million) in the fourth quarter, down 2.7% year-over-year.
SAN JOSE – OnCore Manufacturing Services today said it intends to enter into a medical product design alliance with Proven Process Medical Devices.
The partnership would provide turnkey design-to-production solutions, the contract electronics manufacturer said.
Oncore said it would “significantly expand” its capabilities in the medical device market with the partnership.
No financial terms were disclosed.
BINGHAMTON, NY -- Universal Instruments today said its global market share rose nearly 2% year-over- year in the fourth quarter.
SCHAUMBURG, IL -- Sparton reported fiscal second-quarter net income rose 36% to $1.9 million, boosted by higher demand in all its end-markets.
ST. LOUIS -- Viasystems Group forecast December quarter sales of $269 million, up 10% year-over-year and down 4% sequentially on broad-based strength.
HELSINKI -- Nokia will lay off 8% -- some 4,000 employees -- of its workforce in Finland, Hungary and Mexico as part of its now year-long cost-cutting measures.