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BOSTON -- 3Com Corp., once an icon of the high-flying tech industry, is going private. The company agreed to a $2.2 billion buyout by Bain Capital Partners in an all-cash deal announced Friday. The deal is expected to close next year.
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ST. PETERSBURG, FL -- Jabil on Thursday night reported net profit of $11.7 million on a 3.3% gain in sales for its fourth quarter. Read more ...

NEENAH, WI -- A Plexus Corp. plant in Penang, Malaysia, has received Food and Drug Administration approval to make medical devices that meet Class III performance standards.

The approvals brings to three the number of FDA-registered Plexus manufacturing facilities in the U.S., Mexico and Malaysia, two of which are now approved to manufacture Class III medical devices.

 

 

ALAMEDA, CA -- EMS providers will post an average compound annual growth rate of 11.9% over the next five years, reaching $429 billion by 2010, Technology Forecasters forecast today.
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JACKSON, MI – An appeals court has tossed a $1.7 million judgment in favor of EMS provider Sparton Corp.

The U.S. Sixth Circuit Court of Appeals has vacated a prior ruling in favor of Sparton in its lawsuit against Util-LINK LLC and National Rural Telecommunications Cooperative.

The Sixth Circuit also affirmed the lower court's decision denying NRTC relief on its $20 million counterclaim against Sparton.

Sparton said it would review the decision and that its claim still has merit.

 

 BUCKINGHAMSHIRE, UK – Aegis Software (Europe) Ltd. has moved its European headquarters here and named Daniel Walls European managing director.

The manufacturing information management systems provider’s new site includes a larger training center, among other features. 

Walls joined Aegis in 1997 as controller and chief financial officer, and was also a regional sales manager.

“Aegis sees Europe as a very important manufacturing market,” said CEO Jason Spera in a statement. “Our new European headquarters, along with appointing Walls as managing director confirms our commitment and ensures manufacturers in Europe the high level of customer service and quality products.”

 

 

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