SAN JOSE -- Troubles continued at EMS firm Sanmina-SCI which this week concluded that its financial statements for the fiscal periods from September 2002 through April 2006 will be restated. The firm will take material charges for problems stemming from past stock option grants.
The company had previously disclosed a special special committee of its board to review matters related to stock option policies and practices dating to Jan. 1, 1997.
IRVING, TX – EMS firm Elcoteq will take over supply-chain management for Andrew Corp.'s filter business in Europe, a deal worth an estimated $100 million in net sales next year, Elcoteq said. Elcoteq will also pay $12 million for Andrew's manufacturing unit in Arad, Romania.
OTTAWA, IL – B&B Electronics, a provider of automation and communications products, has acquired Advanced Embedded Systems, a designer and developer of wireless solutions for the industrial market. Other terms were not disclosed.
AES will become part of B&B's engineering and technical group in Ottawa, IL. The acquisition provides B&B with in-house wireless design expertise, enhancing the company's research and development capabilities.
EL SEGUNDO, CA -- Inventory at EMS providers rose 18.6% during the second quarter across a sample of publicly traded EMS companies, according to research firm iSuppli.
Circuits Assembly’s own research of 18 North American EMS firms found just two companies saw year-over-year revenues climb faster than inventories during their most recently reported quarter: SigmaTron (52.35% and 45.56%, respectively) and Winland Electronics (49.5% and 48.7%, respectively). Only one company, Suntron, actually saw stock levels drop, but revenues there fell 4%.
LAUSANNE, SWITZERLAND – Synova, a maker of water jet-guided lasers, will
open its second micromachining center in the U.S., the company said today. The Boston
site is aimed at the medical, electronics and tooling markets and will open in
January.
The company is also opening a site
in San Jose.
"Further expansion in the U.S.
reinforces our strategy to better support all of our served markets
worldwide," said Synova chief executive Bernold Richerzhagen. "Proximity
to our customers is our top priority."
To
date, Synova has more than 50 full-production machines at customer sites
worldwide, of which 12 are operating in the U.S.