Aurelius takes over wholesale company Hellanor in Norway

The lighting and electronics specialist Hella sells the Norwegian company Hellanor and completes the sale of the wholesale business. The Norwegian company Hellanor A/S will be transferred to Aurelius Equity Opportunities SE & Co KGaA.

The parties have agreed not to disclose the amount of the purchase price. The transaction is still subject to approval by the relevant anti-trust authorities; approval is expected by the end of the year, a press release reads. "With the completed withdrawal from the wholesale business, we are advancing the strategic realignment of our aftermarket," says Dr. Werner Benade, Managing Director responsible for the Aftermarket and Special Applications segments at Hella. "In the future, we will thus align our product portfolio even more strongly along our original equipment competencies, especially in the areas of lighting and electronics while linking it to our strong workshop equipment expertise. Above all, we will continue to expand our successful repair solutions business and take advantage of new growth opportunities arising from the digitalization and increasing interconnectedness of vehicles." Against the background of the strategic realignment of the aftermarket, Hella had already sold the two Danish and Polish wholesale companies FTZ and Inter-Team to the Swedish wholesaler Mekonomen in September of this year. Hellanor currently employs around 250 people and generated sales of around 70 million euros in the past 2017/2018 fiscal year.

JEOL Ltd. , manufacturer of semiconductor equipment and other industrial instruments and equipment, announced the acquisition of Integrated Dynamic Electron Solutions Inc. (IDES), an entrepreneurial venture specializing in technologies related to transmission electron microscopy (TEM).

NEXT Biometrics has received an order for UIDAI and STQC certified fingerprint biometric readers in India with a value of USD 750,000.

Cadence Design Systems, Inc. has completed the acquisition of AWR Corporation from National Instruments Corporation.

A new competitor in the industry for electric vehicles are in the making.

Sponsored content by Evertiq New Media AB

Evertiq is continuing on its growth path. The rapid growth of recent years, both in terms of turnover and employee numbers, will now be followed by accompanying structural set-up of the company.

Collins Aerospace Systems has signed a contract with Lockheed Martin to provide critical subsystems to support production of NASA’s Orion spacecraft fleet for Artemis missions III through VIII.

Imagination Technologies has opened a new design centre in Timisoara, Romania. The centre will focus on IP designed for artificial intelligence (AI) and computer vision.

As part of the further integration into the Schurter Group, AKI Electronic spol. s r.o. changes its name to SCHURTER Electronics spol. s r.o.

Automotive semiconductor company, Silicon Mobility, has appointed former Robert Bosch GmbH executive Rainer Kallenbach as CEO of the company as of January 6, 2020. The current CEO Bruno Paucard will remain with the company as COO and on the Board of Directors.

NEXT Biometrics says it is executing a program to optimise the organisation and cost base with its strategic priorities and market opportunities; which also translates to layoffs

In December, LPKF delivered – for the first time – a highly automated version of its LIDE system for integration into a semiconductor fab to an unnamed semiconductor manufacturers.