© Sennheiser Communications Electronics Production | September 13, 2018
Sennheiser ends JV with William Demant
In order to capture opportunities lying ahead in the business segments of Sennheiser Communications A/S – William Demant and Sennheiser have decided to end their joint venture and let the business segments evolve in a different set-ups.
For more than 15 years, the joint venture Sennheiser Communications – a 50/50 split ownership between Sennheiser and William Demant – has developed and promoted Sennheiser branded portfolios of Enterprise Solutions, Gaming and Mobile Music headsets. The end of the joint venture formally implies a cash free split of ownership structure. To be able to fully capture these opportunities, both parties have the wish to dedicate their focus on different business segments with full end-to-end responsibility. While the business segments of Enterprise Solutions and Gaming headsets will evolve as an independent business as part of the William Demant Group, the business segment of Mobile Music headsets will be part of the Sennheiser Consumer business in the future. The separation happens in good faith and the partners intend to continue their cooperation where synergies and opportunities exist, a press release reads. “The joint venture has been a successful journey for both partners, during which we have collaborated on the development of new technology and have seen an ongoing growth of market shares. All three business segments continue to have tremendous potential for the future,” says Daniel Sennheiser, co-CEO at Sennheiser As the market dynamics have changed during the years and full end-to-end dedication is needed including a focused R&D approach, the time is now right to continue – each of us – in our own focused directions,” Søren Nielsen, President & CEO at William Demant adds. The separation is planned for January 1, 2020. Until then, the company Sennheiser Communications will continue its business while Sennheiser and William Demant will prepare the separation together in order to ensure a seamless and smooth transition for employees, customers, suppliers and partners. Going forward, William Demant will take over the business segments of Enterprise Solutions (CC&O) and Gaming including the distribution, which has been with Sennheiser until now. The new entity under William Demant will continue the license agreement with the Sennheiser brand for the Enterprise Solutions and Gaming portfolios. Throughout 2018 and 2019, profit sharing of Sennheiser Communications between Sennheiser and William Demant will remain as today.
A new EMS provider sees the light of day EMS providers DataED and Bestronics merge to launch a new player – Emerald EMS.
Tektronix joins the fight agains COVID-19 Tektronix has shifted its focus from supporting vehicle manufacturing to assisting with ventilator production.
ABB completes divestment of Power Grids to Hitachi ABB has reached a significant milestone in the company’s transformation towards a decentralized global technology company, with the completion of the divestment of 80.1% of its Power Grids business to Hitachi.
Germany amps up domestic battery production with massive state subsidies The German government is investing more than EUR 1.5 billion in battery cell research and production.
Internal promotions and executive retirements at Kimball EMS provider, Kimball Electronics, has made two new internal promotions aimed at contributing to the company accelerating its strategic growth plans.
Kyocera & TMDU team up for research on vitals measurement headset Kyocera Corporation and Tokyo Medical and Dental University (TMDU) have teamed up on a joint research project to develop a wireless headset that can remotely monitor high accuracy patient biometrics, such as blood oxygen saturation (SpO2).
German battery manufacturer receives funding for cell production facility VARTA AG receives public funding of EUR 300 million for battery cell production facility.
Scanfil to streamline its factory network The EMS provider is planning to combine the production of its Hamburg factory with its other factories in Germany and Poland
Kitron awarded new order within measurement technology Kitron has been awarded new business for measurement technology. The award covers a period of five years, and the expected annual value is between EUR 3.5-5 million.
NORBIT ASA awarded aquaculture contract Norwegian technology manufacturer, NORBIT, has been awarded a new contract from an existing customer within the aquaculture market.
Saki strengthens its Asian operations The AOI specialist is expanding its global sales organisation with new Asia sales department, and appointing Katsuhiro Eddie Ichiyama as Senior General Manager for the Asian region
Scanfil to sell its plant in Hangzhou, China The board of directors of the Finnish EMS prover has decided to sell the entire share capital of its subsidiary located in Hangzhou, China, for a total of EUR 18.4 million to Hangzhou Cabinet Technology Co., Ltd.
Staying put during the COVID-19 pandemic TPCA (Taiwan Printed Circuit Association) announced the production and sales data for Q1 2020; the output value of Taiwan cross-strait PCB industry totalled NT$136.9 billion (approx. US$4.541 billion) in Q1/2020.
North American PCB industry sales up 1.0% in May Total North American PCB shipments in May 2020 were up 1.0 percent compared to the same month last year. Compared to the preceding month, May shipments fell 3.0 percent.
Sensirion expands with new production site in Hungary In a response to positive business trends and the increasing demand for its existing and new sensors, Sensirion is expanding its production capabilities by establishing a production site in Debrecen, Hungary.
Management Change at the Würth Elektronik eiSos Group After 27 years in the Würth Elektronik Group, Oliver Konz has decided to resign his position as Executive Vice President of the Würth Group and CEO of the Würth Elektronik eiSos Group for personal reasons and leave the company.
Kurtz Ersa inaugurates new production hall In Bestenheid, Germany, the company has just opened its new production and administration building. Following 24 months of construction and furnishing, the company now have access to 4’500 new square metres of space.
PCB industry: 1Q/2020 overshadowed by corona pandemic After a significant drop in sales at the end of last year, PCB manufacturers in the Germany, Austria and Switzerland (DACH) region recorded a sales growth of 16.1 percent in the first quarter of 2020.
Integration of ATLID completes European set of instruments for EarthCARE satellite With the successful integration of the ATLID-Instrument the EarthCARE satellite (Clouds Aerosols and Radiation Explorer) has passed a crucial milestone, as it concludes the "onboarding" of the three European instruments.
ABB Robotics rolls out Lexi’s procurement analytics solution Automation giant, ABB Robotics, is using a big data analytics software solution developed by Lexi Solution AB in Sweden to optimise procurement and engineering processes.
OHB placing the largest clean room in operation After only 14 months of construction, the PLATO hall has now been officially completed at space company OHB’s headquarters in Bremen. With a floor area of around 1,400 square meters, the ISO 8 cleanroom*, which is almost eleven meters high, is the OHB Group’s largest cleanroom facility.
Jenoptik expands military laser rangefinder capabilities in the US JENOPTIK Optical Systems, LLC has announced an expansion of its capabilities for military laser rangefinders (LRF) and is adding custom engineering and testing capabilities to their Jupiter, Florida facility.
Tesla plans battery manufacturing facility in California Electric car manufacturer Tesla plans to build a battery research and manufacturing facility in Fremont, California. N, to be operated around the clock, Under a project dubbed Roadrunner, documents from the city government also reveal a potential 24/7 operation at the facility.
Northrop Grumman awards contracts to Kitron Northrop Grumman has awarded Kitron a production contract for Integrated Communications, Navigation and Identification (ICNI) modules for the F-35 Lightning II program.Load more news