News
SOUTH PLAINFIELD, NJ – Cookson Electronics’ Assembly Materials Group has promoted Rick Ertmann to president, responsible for its Alpha and Semiconductor Packaging units.
KOKOMO, IN -- In hopes of enticing Delphi Electronics & Safety to keep some 3,000 jobs here, city councilors have reportedly approved a $160 million tax abatement for the company. The Common Council will hold a public hearing on the recommended abatement, a precursor to final approval, on Oct. 13.
MARLBOROUGH, MA – Satcon Technology Corp. sold its electronics business unit to Spectrum Microwave for an undisclosed sum.
The company did reveal the combined proceeds from the sale of the electronics division and its motors unit, which was sold in a separate deal, totaled $5.6 million.
The electronics group designs and builds power circuitry for communications, aerospace, industrial and defense applications. Its annual revenues are roughly $10 million.
SUZHOU -- SMT equipment OEM Essemtec today announced the opening of a customer training and demo center here. The site, which opened earlier this year, is equipped with multiple lines of production equipment and is operated by Essemtec’s local distributor Smart Technology Ltd.
BERWYN, PA – Tyco Electronics said it has finalized two previously announced sales, netting about $470 million.
The firm sold its radio frequency components and subsystem unit to Cobham Defense Electronic Systems and its automotive radar sensors unit to Autoliv Inc.
The sales closed Friday, the company said.
The firm sold its radio frequency components and subsystem unit to Cobham Defense Electronic Systems and its automotive radar sensors unit to Autoliv Inc.
The sales closed Friday, the company said.
FORT WORTH, TX î º TTI Inc. has acquired the Mateleco Group, a connector distributor with six European locations.
“This acquisition will establish TTI and Mateleco as the number one distributors in both passives and connectors in France,” said TTI president and CEO Paul Andrews.
Mateleco will operate independently as a wholly owned subsidiary of TTI. The management team will remain in place with Claude Joly as president and Bernard Le Jeune and Bernard Franchet as corporate officers. Joly will report to Gene Conahan, TTI Europe’s president.
No financial terms of the agreement were disclosed.
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