LONG ISLAND CITY, NY -- Cemtrex reported first quarter consolidated revenue fell 46% to $17.3 million on a change in product mix and company focus.

LEICESTERSHIRE, UK -- HK Wentworth Group today announced the acquisition of Dancap Electronics, a UK-based distributor. HK Wentworth said the deal will help it expand in the UK.

Dancap distributes Hakko soldering equipment in the UK, while HK Wentworth is an authorized Hakko distributor in Australia and New Zealand.

Terms were not disclosed.

In a press statement, Ron Jakeman, managing director, HK Wentworth, said, “Dancap Electronics provides an exciting opportunity for HK Wentworth. The additional capabilities strengthen and extend the services we offer and enhance our complete solutions approach. With a broad range of customers across the electronics industry, the acquisition of Dancap Electronics together with our trusted relationship with Hakko, will support shared plans to meet increasing demand and accelerate entry to new markets. With the stability and backing of the world’s leading soldering equipment company, HK Wentworth is delighted to take on board the highly reputable and sought-after Hakko brand in the UK.”

HAMPSHIRE, UK – The four biggest smartwatch vendors – Apple, Fossil, Fitbit and Samsung – will have their market share for connected watch shipments fall to 47% by 2023, down from an estimated 58% in 2018, says Juniper Research. The decline is linked to the growth of smaller players, including Garmin, Huami and Huawei, among others.

MINNEAPOLIS -- Nortech Systems today named Jay D. Miller president and chief executive, effective Feb.27.