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CHICAGO -- There were four completed EMS transactions in the third quarter, plus one consolidation, according to investment bankers Lincoln International. The firm listed Wright Industries' acquisition of Custom Interconnect, Nittoku Denshi's purchase of Ohens, Nistec's acquisition of Eltek and OSI Electronics' acquisition of Briton EMS.
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LAGUNA, PHILIPPINES – Integrated Micro-Electronics Inc. reported net income jumped 72% to $3.2 million for the third quarter ended Sept. 30. Net sales were $196.6 million, the company's best quarter this year, up 15.5% from 2012.
SON, THE NETHERLANDS -- Neways Electronics said third-quarter electronics manufacturing services continued to pick up as backlogs and profits were up. Profitability rose despite a 1.6% drop in sales from the third quarter of 2012, to EUR 68.4 million ($92.5 million).
ST. LOUIS -- Viasystems reported Net sales and operating income in the company’s assembly segment were $52.4 million and $800,000, respectively, down 9.5% and 50%, from the third quarter 2012. The segment had an operating loss of $100,000 on net sales of $44.9 million in the June quarter.
BANNOCKBURN, IL – Total North American printed circuit board shipments decreased 0.7% year-over-year in September, says IPC.
JASPER, IN -- Kimball International said net income at its electronics manufacturing services segment rose 127% to $7.5 million for the period ended Sept. 30. Net sales were up 7% during the quarter to $175.6 million.
BANGKOK – Fabrinet reported fiscal first-quarter 2014 revenue of $171.6 million, up 8.2% year-over-year.
WASHINGTON, DC – Worldwide sales of semiconductors reached $80.92 billion during the third quarter, the industry’s highest-ever quarterly total, with a sequential increase of 8.4%, says the Semiconductor Industry Association. Global sales for September reached $26.97 billion, the highest monthly total ever, up 8.7% year-over-year.
SHENZHEN -- Nam Tai Electronics today announced third quarter net income fell 27% year-over-year despite a 61% jump in revenue. The contract electronics manufacturer reported $18 million in profits on sales of $284.2 million for the period ended Sept. 30.
PATHUMTANI, THAILAND -- SVI Public Co. announced EMS sales fell 1% from last year to $68 million for the September quarter. Sales were up 13% sequentially on new customers and new audio/visual and medical programs.
SAN JOSE, CA – The global market for surface mount technology equipment is projected to reach $5.3 billion by 2018, driven by recovery in electronics and semiconductor industries, new products, and the growing need to upgrade older production lines, says Global Industry Analysts.
SAN MATEO, CA – Worldwide tablet shipments grew to 47.6 million units in the third quarter of 2013, up 36.7% year-over-year, and up 7% sequentially, says International Data Corp.
