KAMIC Group acquires UK based Distec

KAMIC Group AB announces that is acquired all the shares in British specialist hybrid technology solutions provider, Distec Ltd,. The sellers are the company’s founders Noel Sheppard and Adrian Swindells with their families.

Manchester-based Distec has been operating since 1992, and over the years has built a strong reputation and expertise in industrial, medical, and digital technology solutions. The company represents a number of manufacturers such as ELO, Nexcom, CKS, Wincomm, Siemens and offers total solutions including support to customers in many different sectors in the local British market. Distec has nine employees and annual sales of about SEK 45 million (about EUR 4.37 million). “Distec is a well-run company with a fine history and is a highly-regarded supplier in its product niche. KAMIC Group is already established in the UK with a number of successful technology companies, so Distec fits nicely into our group where we can offer organisational support, contacts and expertise for continued development and expansion,” says Fredrik Celsing, President and CEO of KAMIC Group, in a press release. The previous owner and Managing Director of Distec, Noel Sheppard, will continue to have a leading position in the company which from now on will be part of KAMIC Group’s Electronics business area. Noel comments on the deal: “This sale to KAMIC Group makes Distec Ltd part of a larger group which will provide support and opportunities which strengthen conditions for a continued positive development for the company and our employees.”

Digi-Key Electronics has expanded its product portfolio by signing a North American distribution partnership with Siglent Technologies, providing its customers with electronic test and measurement solutions.

The photonics group Jenoptik will supply infrared optical components to Rheinmetall between 2020 and 2025.

As of April 1, 2020, the company has announced that a new management system will begin, with Tsuneo Takahashi set to become its new President and CEO.

Swedish technology company, Smoltek, says that it has signed an evaluation agreement with an unnamed manufacturer of capacitors.

e-paper display manufacturer, Pervasive Displays (PDi), says it has made a major advancements in product reliability and manufacturing capacity to improve the automated production of electronic paper displays (EPDs).

Analog Devices, Inc. has taken a series of actions to support the global response to the COVID-19 pandemic by expediting production of its healthcare technologies that can help fight the outbreak.

Autec Power Systems, a provider of custom power supplies, high-efficiency LED Drivers, switching power supplies and power management products, has signed accredited distributor New Yorker Electronics to a new distribution pact.

MagnaChip Semiconductor says that certain of its wholly-owned subsidiaries have entered into a definitive agreement to sell the company's Foundry Services Group and the factory in Cheongju (Fab 4), the larger of the company's two 8" manufacturing facilities.

Against the backdrop of the current situation related to the spread of COVID-19 and the resulting restrictions in private and business lives, Singulus Technologies is implementing short-time work at two of its German sites.

Kyocera Corporation has entered into a share transfer agreement with NEC Corporation on March 25, 2020 to acquire all of NEC’s shares in Showa Optronics Co., Ltd., an optical components manufacturer.

The economic and social effects caused by COVID-19 are currently creating supply chain disruption and uncertainty around future demand.

Due to a Movement Control Order announced by the Malaysian government, Renesas three production sites located in the country temporarily halted productions from March 18, 2020.