FONTENAY-AUX-ROSES, FRANCE – Icape Group reported annual revenue of €219.6 million ($234.9 million), an increase of 34% compared to 2021.

BILLINGSTAD, NORWAY – Kitron reported record revenue of NOK1.8 billion ($177.3 million), compared to the NOK949 million ($92.8 million) for the same quarter last year.

TAIPEI – Lorom Holding Company, a manufacturing solutions provider focusing on specialized cable manufacturing and assembly, has announced the acquisition of Segue Manufacturing Services. Terms of the acquisition were not disclosed.

AUSTIN, TX – Austin American Technology (AAT) and Aqua Klean Systems (AKS) will merge, making the combined firm the world’s largest electronics cleaning equipment manufacturer, the companies said in a joint statement. 

CHENNAI, INDIA – Finland's Salcomp, a supplier to Apple, plans to double its workforce in India to 25,000 over the next three years, targeting annual revenue in the country of at least $2 billion to $3 billion by 2025, a top company executive said this week.

ATLANTA – The Electronic Components Industry Association's Global Industry Practices Committee (GIPC) has published a report outlining the results of a two-year initiative to create a streamlined process to digitally exchange manufacturer Certificate of Compliance documents. Analog Devices Inc. (ADI) agreed to participate in the pilot project with Digi-Key. They began with the manufacturers’ certificate of compliance while considering other compliance documents. The report from this initiative is now published and available to the industry.

CHENNAI, INDIA – Indian electronics manufacturer Dixon Technologies is expecting to see revenue increase by 12% in the current fiscal year and is considering setting up a plant in Tamil Nadu, according to a top executive.

STOCKHOLM – Mycronic announced fourth quarter net sales of SEK1.5 billion ($143 million), a 16% increase from the fourth quarter of 2021.

SAINT-HERBLAIN, FRANCE – Lacroix announced revenue of €191.3 million ($204.6 million) for the fourth quarter, an increase of 40% compared to the same quarter of 2021.

BOLOGNA, ITALY – Bonfiglioli, a manufacturer of drive systems, gearboxes and inverters, has announced an agreement to acquire Selcom Group S.p.A., an Italian producer of electronic boards.

ATLANTA – The electronic components sales sentiment climbed to 82.2 points for the first month of the new year, according to the Electronic Components Industry Association's January Electronic Component Sales Trends Report, marking an increase from December's numbers and beating the ECIA's outlook for the month.

JASPER, IN – Kimball Electronics announced sales of $436.7 million for its second quarter, an all-time quarterly high and an increase of 39% year-over-year.