© yuri arcurs dreamstime.com Electronics Production | December 16, 2015
Adlink acquires PrismTech
Adlink Technology, Inc. is to acquire PrismTech Ltd. based on the resolution of the board meeting held on Dec 14th, 2015. The acquisition is expected to be completed shortly, a statement reads.
Established in 1992 and located in Newcastle, United Kingdom, PrismTech has about 70 employees. "Adding horizontal IoT stack expertise to Adlink’s portfolio creates a unique opportunity to fully leverage the Vortex software and build competitive platforms for the industrial IoT - it can be expected for those to emerge later in 2016,” stated Jim Liu, CEO of Adlink – “Furthermore, the synergy of this acquisition will allow PrismTech to extend their reach and compete on a global basis with the current Vortex product and new developments. The complementary products of Adlink and PrismTech with software and hardware provide all the building blocks for the next stage in IIoT development, addressing the issues of increasing complexity and mission critical operational and management data.” “This acquisition signals Adlink’s commitment to becoming one of the premier players in the IIoT application-ready intelligent platform market,” added Lawrence Ross, CEO, PrismTech. “I’m convinced that the acquisition will prove to be very positive for our customers, employees and the future direction of our software products. We have built a robust IoT infrastructure and data-connectivity platform over the last few years in our award-winning Vortex product line and Adlink and PrismTech share a vision of the future and potential of the IIoT market. In addition to providing us with new levels of market footprint, stability and R&D investment, we believe this acquisition will also result in new innovative combinations of our products that can propel us to become the number one vendor in the vertical markets we jointly serve.”
Morrow Batteries to build the first giga battery cell factory in Norway Morrow Batteries says it will build battery cell production in Norway in order to meet increasing market demand and lead the drive for more sustainable batteries.
Groupe PSA and Punch Powertrain team up on electrification Groupe PSA and Punch Powertrain have signed an agreement to establish a second Joint Venture and expand their strategic partnership in the field of electrification, to contribute to fight against climate change.
Aspocomp starts phase two of its plant investment in Oulu Finnish PCB manufacturer company Aspocomp, has been granted a total of EUR 1.35 million in development support by the ELY Center for the implementation of the second phase of its Oulu plant investment.
Global semiconductor sales down 1.2 percent in April 2020 Global semiconductor sales in April 2020 were USD 34.434 billion, up 6.1% versus the same month in 2019, says the European Semiconductor Industry Association (ESIA).
Cobham RAD sold to Radiation Test Solutions Cobham Advanced Electronic Solutions says that it has sold its Cobham RAD radiation testing business in Colorado Springs, to Radiation Test Solutions, Inc. (RTS).
Construction starts at Kyungshin new factory in Serbia The South Korean automotive company has initiated the construction of its new facility in the municipality of Smederevska Palanka in Serbia – once completed 700 new jobs will be created.
Manz is expanding within its contract manufacturing segment The German engineering company says it is registering lively interest in contract manufacturing from a wide range of industries. Manz is thus further expanding its business in the contract manufacturing segment at its locations in Slovakia and China.
Celestica to manufacture ventilators for the Canadian market EMS provider Celestica has won a program to build 7,500 ventilators for StarFish Medical Inc., a Canadian medical device company, at Celestica’s operation in Newmarket, Ontario.
Ouman Estonia starts an expansion project Despite the current uncertain economical environment, Ouman says it believes in a brighter future and that the company is proud of the performance in its factories.
Reshaping production post COVID-19 As manufacturers re-open after COVID-19 related lockdowns, economic and supply chain disruptions may be felt beyond 2020. How companies shift in the short-term and plan for the long-term will be factors in defining “new normal” for the component industry.
Swedish EG Electronics acquires WEAB EG Electronics AB, a KAMIC Group company, has acquired all the shares in WEAB, Wermlands Elektronik AB.
ZF completes its acquisition of WABCO ZF Friedrichshafen AG has successfully completed the acquisition of commercial vehicle technology supplier WABCO, having gained approval from all required regulatory authorities.
Romanian EMS provider expands as it relocates Romanian EMS-Electra has successfully finalised the process of relocating to a new building, in the industrial area of Iasi, Romania.
Circuit Check partners with major healthcare company to build ventilators In early March, when a long-standing customer to the company, a major healthcare company approached Circuit Check to partner together to build over a dozen tests systems to assist in the COVID-19 efforts, Circuit Check responded quickly to the challenge.
TI maintains firm grip as world's top analog IC supplier TI's 2019 analog marketshare grew to 19% and ST climbed to fourth place as the top-10 suppliers collectively accounted for 62% of total analog sales.
Big Ass Fans adds third Hentec/RPS machine Complementing the purchase of two Hentec Industries/RPS Automation Vector 300 selective soldering machines in 2018, Big Ass Fans (BAF), a high-volume, low- speed (HVLS) airflow manufacturer, has just added a third machine to its factory in Newman Lake, Washington.
CE3 Electronics Inc. taps MIRTEC for 3D AOI technology Canada-based CE3 Electronics has purchased a MIRTEC MV-6 OMNI 3D AOI machine.
Gémosz is still looking to grow – but the pandemic brought new perspectives Winston Churchill famously said, “Never let a good crisis go to waste”. While this was said in a vastly different context than the current crisis of the COVID-19 pandemic, there is still truth to the fact that a crisis not only allows for change – but sometimes forces it.
North American PCB industry sales up 4.3% in April The IPC says that total North American PCB shipments in April 2020 were up 4.3% compared to the same month last year. Compared to the preceding month, April shipments fell 18.2%.
Volkswagen intensifies e-mobility activities in China Volkswagen has initiated the next chapter for its business in China. The automotive giant plans to increase its share in JAC Volkswagen, its joint venture for e-mobility.
GPV Selects Aegis as global smart factory partner Driven originally by accelerating customer expectations for traceability, GPV has selected Aegis’ FactoryLogix Smart digital manufacturing solution, targeting multiple values and benefits.
REDCOM EMS expands certification for medical device manufacturing New York-based REDCOM EMS has secured ISO 13485:2016 certification, complementing the company’s existing ISO 9001:2015 and AS9100D certifications.
Ozark Integrated Circuits nabs U.S. Air Force grant Arkansas-based Ozark Integrated Circuits Inc., located in the Arkansas Research and Technology Park at the University of Arkansas, has received a USD 750,000 award from the U.S. Air Force.Load more news