EINDHOVEN, THE NETHERLANDS – Neways Electronics reported 2018 net revenue of €506.8 billion ($574.5 billion), an increase of 15.5% year-over-year due to strong demand, primarily in the semiconductor and automotive sectors.

SODUS, NY – Contract electronics manufacturer Pace Electronics has purchased Peter Parts Electronics, which specializes in electronic parts, components and assemblies.

MINNEAPOLIS – CyberOptics reported sales of $18.1 million for the fourth quarter, an increase of 37% year-over-year.

LONG ISLAND CITY, NY -- Cemtrex reported first quarter consolidated revenue fell 46% to $17.3 million on a change in product mix and company focus.

LEICESTERSHIRE, UK -- HK Wentworth Group today announced the acquisition of Dancap Electronics, a UK-based distributor. HK Wentworth said the deal will help it expand in the UK.

Dancap distributes Hakko soldering equipment in the UK, while HK Wentworth is an authorized Hakko distributor in Australia and New Zealand.

Terms were not disclosed.

In a press statement, Ron Jakeman, managing director, HK Wentworth, said, “Dancap Electronics provides an exciting opportunity for HK Wentworth. The additional capabilities strengthen and extend the services we offer and enhance our complete solutions approach. With a broad range of customers across the electronics industry, the acquisition of Dancap Electronics together with our trusted relationship with Hakko, will support shared plans to meet increasing demand and accelerate entry to new markets. With the stability and backing of the world’s leading soldering equipment company, HK Wentworth is delighted to take on board the highly reputable and sought-after Hakko brand in the UK.”

HAMPSHIRE, UK – The four biggest smartwatch vendors – Apple, Fossil, Fitbit and Samsung – will have their market share for connected watch shipments fall to 47% by 2023, down from an estimated 58% in 2018, says Juniper Research. The decline is linked to the growth of smaller players, including Garmin, Huami and Huawei, among others.

MINNEAPOLIS -- Nortech Systems today named Jay D. Miller president and chief executive, effective Feb.27.

BROOKSVILLE, FL – ICTC Global Manufacturing Solutions has acquired the precision machining capabilities and assets of Chasco Machine & Manufacturing.

SAN DIEGO – IPC presented Committee Leadership, Special Recognition and Distinguished Committee Service Awards at IPC Apex Expo. The awards were presented to individuals who made significant contributions to IPC and the industry by lending their time and expertise through IPC committee service.

WINDBER, PA – Kitron has completed the $14.8 million acquisition of the EMS division of API Technologies here.

SIEVI, FINLAND – Scanfil Group reported fourth quarter revenue of €140.2 million, down 2.9% year-over-year.

BILLINSTAD, NORWAY – Kitron reported fourth quarter revenue was NOK 739 million ($85.5 million) an increase of 11% year-over-year. Order backlogs increased 16%.