HOUSTON – Oil services group Hunting said it would acquire EMS firm Innova-Extel for $125 million. The acquisition is expected to close at the end of the month, subject to normal conditions.

The purchase is expected to be accretive in 2010, not including acquisition charges.

Innova-Extel, a contract assembler specializing in the oil and gas end-market, had consolidated 2009 profit before tax of $1.1 million. EBITDA for 2009 was $13.7 million.

CALAMBA, PHILIPPINES – EMS firm Ionics Inc. is opening a design and prototype shop in the Silicon Valley.

The group, which has seven manufacturing plants in Calamba and Cabuyao, Philippines, and one in China, did not disclose the location.

Ionics EMS builds printed circuit boards for the telecom and other industries.

Ionics EMS reported first-quarter revenue of $21.4 million, up 19.9% year-over-year. Gross income was $1.1 million, compared to $260,000 in the same period last year. Net income was $13,000, reversing a net loss of $1.19 million in the same period last year.

IRVINE, CA -- Contract electronics manufacturer Probe Manufacturing swung to a net profit for its second quarter ended June 30 as its business benefited from larger orders and new customers.

ARLINGTON, VA -- Electronic component orders dipped in July after reaching a two-year high in June, raising questions over what the slowing means.

CUPERTINO, CA -- An alleged $1 million kickback scheme has snared a mid-level Apple executive and at least one offshore supplier.

IRVINE, CA – Henkel’s adhesive electronics business has relocated its headquarters to a new 75,000 sq. ft. facility here.

The building has been designed to accommodate the entire North American R&D team, consolidating staff and resources from three R&D sites under one roof. 

The facility includes more than 30,000 sq. ft. of lab space.

The headquarters will house executive management, inside sales, global marketing, global product management, operations, finance, R&D, advanced research, human resource, IT and applications. 

MANKATO, MN – Winland Electronics Inc. today announced second-quarter net sales of $5.1 million, down 10.5% year-over-year.

The firm reported a net loss of $822,000, compared to a net loss of $714,000 in the comparable quarter in 2009.

EMS sales for the quarter totaled $4.4 million, a decline of 12.5% compared to the same quarter last year.

EMS sales were up 18.5% sequentially over the $3.7 million the firm reported in the first quarter.

The company reported an operating loss of $205,000 in its EMS business for the quarter, versus operating income of $22,000 in the comparable period in 2009.

For the first six months of 2010, sales totaled $9.7 million, down 24.9% year-over-year.

Winland reported a net loss of $1.4 million in the first six months of 2010, versus a loss of $839,000 in the comparable period in 2009.

EMS sales during the first half of 2010 totaled $8.1 versus $11.4 million in 2009. Winland’s EMS business recorded an operating loss of $248,000 versus an operating profit of $628,000 last year.

Winland designs and manufactures custom electronic control products and systems.

GLENVIEW, IL – Illinois Tool Works Inc. said it acquired Ion Systems Inc. on May 18.

Financial terms of the transaction were not disclosed.

Ion Systems, producer of electronic static control products, will be a wholly-owned subsidiary of ITW, and will become part of the company's existing ionization and static electricity control business.

ITW will continue to operate Ion Systems as a separate business, as part of the Simco electrostatic processes platform.

BILLINGSTAD, NORWAY – EMS firm Kitron reported second-quarter 2010 revenue of NOK 425.7 million, up 1.3% compared to the same quarter last year on higher medical demand.

Profit before tax and discontinued operations was NOK 1.7 million, down 37% year-over-year.

CHICAGO – The rebound in orders in the EMS sector has brought with it an uptick in M&A activity.

TAIPEI -- Foxconn Electronics reported July revenues of NT$196.17 billion ($6.16 billion), down a tick sequentially but up 53% year-over-year.

MINNEAPOLIS -- Nortech Systems swung to a net profit of $147,000 for its second quarter ended June 30. The EMS firm took a net loss of $1.5 million in the year ago period.