MUNICH – Katek reported revenue for the first half of 2021 was €271 million (US$317.5 million), an increase of 48.5% year-over-year. Organic growth was 27.1%, mainly driven by renewables/solar and eMobility.

HYDERABAD, INDIA – Keerthi Industries reported Electronics net sales for the quarter ended June 30 were Rs 39.7 million (US$533,522), an increase of 206.4% year-over-year.

BANGKOK – Fabrinet reported fiscal fourth quarter revenue was $509.6 million, up 25.8% year-over-year.

VEJLE, DENMARK – GPV reported revenue of DKK 1.5 billion (US$238.4 million) in the first half of 2021, up 11% year-over-year.

SANTA ANA, CA – Ducommun reported second quarter net revenue for its Electronic Systems segment was $102.8 million, up 11.7% year-over-year.

MINNEAPOLIS – Nortech Systems reported second quarter net sales of $30.2 million, up 14% year-over-year and 36.7% sequentially. 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.

TAIPEI – Inventec's board of directors approved a plan to build new production lines for servers in Mexico for an estimated $75.9 million, according to reports.

BRONSCHHOFEN, SWITZERLAND – Cicor Technologies reported net profit tripled in the first half of 2021 to CHF 5.2 million (US$5.6 million), 4.4% of sales. The favorable development of the Euro against the Swiss Franc contributed to the increase.

LOUISVILLE, KY – Sypris Electronics reported second quarter revenue was $8.8 million, down 9.3% year-over-year and up 30% sequentially.

TAIPEI – Foxconn reported second quarter revenue was NT$1.35 trillion (US$48.6 billion), up 20% year-over-year. Profit was NT$29.8 billion, up 29.7%.

NEWARK, NY -- IEC Electronics Corp. and Creation Technologies have signed a definitive merger agreement under which Creation will acquire all outstanding shares of IEC for $15.35 per share in cash, making the deal worth approximately $174 million.

NEWARK, NY -- IEC Electronics today reported revenues of $49.4 million for its fiscal third quarter ended Jul. 2, up 4.2% versus a year ago.