Another strong quarter for GPV – raises its outlook
Danish EMS provider GPV continues to report growth. The company is reporting a second-quarter revenue increase of 49% compared to the same period last year.
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Worlds biggest EMS provider to build tractors
Hon Hai Technology Group – otherwise known as Foxconn – has signed a contract manufacturing agreement (CMA) with Zimeno Inc. DBA Monarch Tractor to build next-gen agricultural equipment and battery packs at the Foxconn Ohio facility.
CATL to build a second European battery plant in Hungary
Contemporary Amperex Technology Co., Limited (CATL) says it will invest EUR7.34 billion euros to build a 100 GWh battery plant in Debrecen, Hungary, which is also its second battery plant in Europe following its German plant.
Component shortages affected Teleste's result
“Orders received and net sales in the second quarter increased year-on-year, but the adjusted operating result was significantly lower than in the comparison period,” says Telestes CEO Esa Harju in the quarter report.
FREYR Battery expands and opens shop in Japan
The Battery company opens its first Asian location thus gaining access to extensive clean battery resources and expertise.
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Siemens and MAHLE team up on wireless charging of EVs
The two companies intend to work together to close gaps in the standardisation of inductive charging systems. Plans include technical collaboration and joint interoperability tests.
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MicroFab acquired by Naprotek
Naprotek, a provider quick-turn electronics manufacturing, has completed the acquisition of MicroFab, a privately held company in Manchester, New Hampshire.
ABB to acquire Siemens low voltage NEMA motor business
ABB has signed an agreement to purchase Siemens’ low voltage NEMA motor business. With manufacturing operations in Guadalajara, Mexico, the acquisition will provide ABB with a well-regarded product portfolio, a longstanding North American customer base, and experienced operations, sales, and management team.
HansaMatrix reports increased 2Q22 revenues
Based on the preliminary data, HansaMatrix's second quarter 2022 revenues amounted to EUR 6.47 million, a 7.1% increase compared to Q2 2021 and 7.3% increase compared to Q1 2022.
Cicor receives €30.8 million multi-year contract
Swiss EMS provider Cicor Group has been awarded with a major multi-year follow-up business for a total value of around CHF 30 million (EUR 30.8 million) by an unnamed European manufacturer of specialised aircraft solutions.
UMS Skeldar ramp up recruitment drive
Unmanned Aerial Systems (UAS) provider, UMS Skeldar, says it is heavily increasing its recruitment drive in areas including flight operations, software engineering, training, and supply chain management, as it ramps up its expansion in to key strategic civilian sectors.
Telit acquires Thales’ cellular IoT products
IoT specialist Telit, and Thales have entered into an agreement under which Telit intends to acquire Thales’ cellular IoT products.
Plexus opens new manufacturing plant in Thailand
EMS provider Plexus has opened its new, USD 60 million, manufacturing facility in Bangkok, Thailand.
Sakuu opens new battery printing and engineering facility
Sakuu, a developer of 3D printed solid-state battery, has opened an engineering hub for its battery platform printing initiatives in Silicon Valley.
Nordson to acquire CyberOptics – expanding its platform
Nordson Corporation has signed a definitive agreement for the acquisition of CyberOptics Corporation. The acquisition will expand the company's test and inspection platform and enhance Nordson’s product offering.
IMI reports continued growth despite macroeconomic issues
Integrated Micro-Electronics, Inc. (IMI) posts USD 357 million of revenues in the second quarter of 2022, a sequential 7% growth compared to the first quarter of 2022 and 12% better than the same period last year.
Wistron plans expansion in Mexico
In a filling with the Taiwanese stock exchange the company states that it plans to start a construction project on land already owned by the company.
Koenigsegg invests in Dutch solar vehicle company
Swedish megacar manufacturer, Koenigsegg, has invested in Lightyear, a Netherlands-based high-tech company developing solar vehicles.
Data Device Corporation invests in lead tinning system
Hentec Industries/RPS Automation announces that Data Device Corporation has finalised the purchase of a Hentec/RPS Odyssey 1325 robotic hot solder dip component lead tinning machine.
Sincotron Oy to distribute XDry Drying Cabinets
Bentec has appointed Sincotron Oy to distribute XDry humidity-controlled storage cabinets throughout Europe.
Variosystems has more plans for its Mexican plant
While Variosystems has been working to establish a strong supply chain in the US for the last twenty years, it has also recently expanded to Juarez, Mexico as a way to support the increasing demand for onshoring.
Nikola agrees to acquire Romeo Power
Nikola Corporation and Romeo Power have entered into a definitive agreement in which Nikola will acquire Romeo in an all-stock transaction.
KMC Controls invests in a new selective soldering machine
KMC Controls from New Paris, Indiana, a company specialised in the building automation and controls industry, has invested in its production process.
Bittele upgrades its Markham facility
Bittele Electronics, a manufacturer specialising in prototype and small-to-mid volume PCB assembly, is expanding its Markham, Ontario, PCB assembly facility.
Yaskawa opens its new Chinese plant
The new plant of Yaskawa (Changzhou) Mechatronics system, located in Changzhou City, China, was completed in June 2022. Mass production of mounting boards for servo amplifiers and AC drives as well as electronic units for robot control panels has now started
Saki makes changes to its global sales management team
Saki is restructuring its global sales organisation by promoting Eddie Ichiyama and Ken Katsumi to Chief Sales Managers
Volvo Group's looking to build battery plant in Sweden
In order to meet the growing demand for battery electric heavy-duty vehicles and machines, the Volvo Group has initiated the process to establish a large-scale production plant for battery cells in Sweden.
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