News
SAN ANTONIO - Indium Corp. has received the 2006 Frost & Sullivan Global SMT Solder Paste Customer Value Enhancement award. The company demonstrated outstanding achievement and superior performance in expanding and maintaining its customer base by using innovative value creation and enhancement strategies. It was chosen based on an in-depth analysis of market competitors, as well as interviews with companies in the SMT soldering materials industry. It was the fourth time the company nabbed the honor. It previously won in 1998 and 2000 for Engineering Customer Focus, and in 2003 for Product Innovation.
WESTLAKE, OH – Nordson Corp. today announced that it has signed a definitive agreement to acquire testing and inspection equipment manufacturer Dage Holdings, Ltd. Terms of the purchase were not disclosed. The acquisition is subject to review by the German Federal Cartel Office.
Nordon also owns Asymtek, March Plasma Systems and EFD, among others.
Dage employs more than 200 people and had revenues of approximately $59 million during the 12-month period ending Oct. 31.
Dage makes bond testing and digital x-ray systems.
“The purchase of Dage fits Nordson’s strategy of acquiring companies with above-average
growth in markets currently served by Nordson companies,” said Edward P. Campbell,
chairman and chief executive. “Over the three-year period ending April 30, Dage revenues and operating profit grew at annual rates of 24% and 69%, respectively. These growth rates are nearly identical to those of Nordson’s Advanced Technology Systems segment, which since 2003 has grown revenues and operating profit at annual rates of 23% and 59%, respectively.”
growth in markets currently served by Nordson companies,” said Edward P. Campbell,
chairman and chief executive. “Over the three-year period ending April 30, Dage revenues and operating profit grew at annual rates of 24% and 69%, respectively. These growth rates are nearly identical to those of Nordson’s Advanced Technology Systems segment, which since 2003 has grown revenues and operating profit at annual rates of 23% and 59%, respectively.”
Campbell added, “Dage’s operating margins during the first half of its fiscal 2007 were 21%.
The acquisition is expected to be accretive to Nordson’s fiscal year 2007 earnings per share.
BRUSSELS – Beginning Jan. 1, 2010, products sold in the European Union must be in metric units.
The measure, by the European Union Council Directive 80/181/EEC, also known as the Metric Directive, bans use of any other measurements for most products sold in the EU.
ATLANTA – Product gone missing is a massive expense: some $24 billion in European distributors centers alone each year. Thus it is easy to grasp why supporters of active RFID are so high on its future.
If the hype at the Active RFID Summit last week in Atlanta is to believed, active RFID means unlimited potential and a $7 billion opportunity in the next 10 years.
If the hype at the Active RFID Summit last week in Atlanta is to believed, active RFID means unlimited potential and a $7 billion opportunity in the next 10 years.
SALT LAKE CITY -- CirTran Corp., an electronics contract manufacturer, announced third-quarter net
sales fell 27.2% year-over-year to $3 million, while the net
loss was $2.9 million, including $2.65 million in non-cash charges.
For the period ended Sept. 30, sales were up 37% sequentially.
For the period ended Sept. 30, sales were up 37% sequentially.
LAKE FOREST, CA -- EMS firm Probe Manufacturing Inc. today reported third-quarter revenues of $2.5 million, up 70% over the same period in 2005. Gross profits rose 90% to $612,578 for the period ended Sept. 30.
The net profit was $40,325, up from a loss of $217,844 last year.
The net profit was $40,325, up from a loss of $217,844 last year.
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