TORONTO – SMTC Corp. has entered into a definitive agreement with an affiliate of H.I.G. Capital in which H.I.G. will acquire all outstanding shares of SMTC’s common stock for $6.044 per share in cash, representing a premium of approximately 22% over SMTC’s closing share price on Dec. 31 and 66% over the share price 60 days ago.

WASHINGTON – Chris Mitchell, vice president of global government relations at IPC, released a statement regarding votes this past week in the US House of Representatives and US Senate to override President Trump’s veto of the Fiscal 2021 National Defense Authorization Act (NDAA):

THOUSAND OAKS, CA – Teledyne Technologies and FLIR Systems have entered into a definitive agreement under which Teledyne will acquire FLIR in a cash and stock transaction valued at approximately $8 billion.

KUNSHAN -- Hundreds of temporary workers from Pegatron’s factory here gathered by the recruitment center of the factory protesting the loss of promised bonuses, a labor rights group said today.

CLEVELAND – Edgewater Capital Partners has completed an investment in Naprotek, a San Jose-based electronics manufacturing services company.

EINDHOVEN, THE NETHERLANDS -- VDL Groep has acquired privately held TBP Electronics for an undisclosed sum.

BANNOCKBURN, IL — The 90-day moving average bookings at North American printed circuit board fabricators in November rose 17.1% year-over-year, IPC announced today.

NOIDA, INDIA -- Padget Electronics, a wholly owned subsidiary of Dixon Technologies, has signed an agreement to manufacture Motorola smartphones in India.

AUKPARA, BANGLADESH -- Symphony Mobile has begun small-scale printed circuit board assembly for mobile phones here, making it the second domestic manufacturer of PCBs in the country.

CHENNAI -- Salcomp has acquired an idle 30,000 sq. m. (323,000 sq. ft.) electronics manufacturing facility in India from Jabil.

BANNOCKBURN, IL – The US Congress on Monday approved $10 million for research into the issues surrounding lead-free electronics in mission-critical applications.

KIRISHIMA CITY, JAPAN – Kyocera will begin construction of a new research and development center here in January. The company plans to invest approximately 10 billion yen ($96 million).