News
NATICK, MA -Cognex Corp., a supplier of machine vision systems, has acquired DVT Corp., a privately-held company based in Duluth, GA.
Cognex purchased the outstanding shares of DVT with a cash payment of $104 million made at the closing, and a final payment of up to $11 million in cash to be paid at the end of a one-year escrow period.
Cognex plans to maintain operations at the Georgia facility, and to continue selling and supporting the vision products through DVT's existing third-party distribution channel.
As a result of the acquisition, Cognex expects an increase in its revenue of approx. $15 - $20 million during fiscal year 2005.
Noting the "disappointing" margins of the last quarter turned in by Taiwan-based ODMs Hon Hai, Asustek and Quanta, Deutsche Bank asserted that further downsizing is ahead for the industry.
A program committee, drawn from university and industry members, will review submitted papers in a range of disciplines, including: emerging technologies, components, assembly, lead-free and business trends.
For more info, visit: http://www.npl.co.uk/ei/clubs/sstc/.
While visiting the site, also note that the FAQ page ( www.npl.co.uk/ei/news/faqs.html ) has been updated and extended.
It now poses the "Top 37 Questions" giving answers and offering advice on a range of topics relevant to lead-free soldering, including the WEEE/RoHS directives, compliance, solder replacements, equipment upgrades, component compatibility, reliability and training.
HARRISBURG, PA - Tyco Electronics Corp. will close its Austin PCB manufacturing plant by July 1, and lay off about 190 employees, according to a news article.
Mike Ratcliff, a spokesman for Tyco, told a local paper that work from the 240,000 sq.-ft. plant will be transfered to other Tyco plants. The Austin location has stopped taking orders for PCBs but will fulfill existing orders.
"The printed circuit group has been
evaluating how best to operate the business, reduce costs where
possible and eliminate duplication," Ratcliff says. "It's a competitive
industry."
Tyco purchased the plant from Raytheon, which in turn obtained it through a large purchase of the defense business from Texas Instruments.
There has been no report at this time of other Tyco operations closing down.
TOKYO -- Kyocera Corp. has made plans to outsource its cell phone production in North America to Flextronics International and cut 1,700 jobs at its mobile phone division to turn the loss-making business around.
The latest restructuring follows Kyocera's announcement in March that it will quit its struggling digital camera operations this year. The company will outsource production at U.S. unit Kyocera Wireless Corp. to Flextronics from late May.
The biggest exhibitors were Universal, Assembleon and Bosch Rexroth. Some notable local suppliers chose to forego exhibiting while competitors made the trip to Boston. For example, of the three leading screen printer suppliers in North America, NJ-based DEK exhibited, although Speedline Technologies and EKRA America, both of which are based in the Boston suburbs, did not.
Numerous bare-board fabrication (MEI, Bare Board Group, Circuit Connect, Printed Circuit Corp., Sierra Proto Systems) and assembly companies (Masstech EMS and LightSpeed Manufacturing among others) were on hand. Most told Circuits Assembly that business growth was modest year-to-date and orders for lead-free boards were few and far between.
- Juki Automation, the second leading seller of placement
machines worldwide, rolled out a pair of selective soldering units.
Called the 300L and 400L, the machines come with internal spray or
drop-jet fluxers, nozzles ranging from 4 mm to 30 mm and preheat
capability, and the 400L has a three-stage inline system for high-speed
automated soldering. The 400L can also be customized for three
miniwaves or a combination of one miniwave and one full wave.
- Datron Dynamics, a
supplier of milling and routing equipment for assemblers, showed off
its new low-cost (under
$47,000) CNC machine for milling and engraving. The mini-Raptor has a
51 x 51" footprint and comes with a 60,000 rpm spindle, a solid granite
table and a 3-tool changer feed. It is said to reach rates up to 400"
per minute.
- Excelta is offering the Smart Tweezer, a slick little device that among other things IDs the capacitance,
resistance or inductance of the surface mount device being picked up.
Once a major convention in its own right, the expo
has morphed into a solid regional show. It was in its third location in
three years, having shifted this
year to the brand new Boston
Convention Center, a
mammoth (510,000 sq. ft.) hall located on a pier just east of downtown.
Official attendance numbers have not yet been released.
