Electronics Production | July 02, 2007
Lite-On acquires Philips subsidiary in Hungary
Lite-On IT's subsidiary in the Netherlands has acquired a 100% stake in Automotive Playback Modules (APM) Hungary Limited from Royal Philips Electronics.
The price is 14.262 million euro. According to a filing with the Taiwan Stock Exchange, Lite-On then increased the company's capital by 19.317 million euro.
The acquisition in Hungary for Philips' production base was based on a contract stipulating Lite-On IT would purchase Philips' APM business unit at the end of 2006.
The acquisition in Hungary for Philips' production base was based on a contract stipulating Lite-On IT would purchase Philips' APM business unit at the end of 2006.
Ad
Nortech Systems’ Intercon 1 enters agreement with Northwire
EMS provider, Nortech Systems, says that Intercon 1 will take over manufacturing of...
Panasonic starts HVAC manufacturing in Europe
Panasonic Corporation says that it has started residential air to water heat pump production at...
Aspocomp expects a better 2018 – raises its outlook
The Finnish PCB manufacturer is upgrading its outlook for the full-year of 2018. The company...
SMTC earns AS9100D quality accreditation
EMS provider SMTC Corporation announces that he has received AS9100 Revision D accreditation...
Ad
Norwegian geophysical company signs contract with Kitron
Kitron and Magseis ASA has entered into an agreement to manufacture Magseis'...
Hanza to supply parts to Rocla's next-gen electronic forklifts
Swedish EMS provider, Hanza Holding, says that it has signed an agreement with materials...
Thales-Tech for SAR/Galileo search & rescue system
The European Commission (EC) has awarded Thales Alenia Space a contract for a ground...
Osram and Deutsche Telekom to test mobile robotics in smart shop
Even robots are pushing for wireless communication. This is how it is going to be in Osram’s...
Mycronic lands Asian order for advanced maskwriter
Mycronic has received an order for a Prexision-800 from an unnamed customer in Asia. The...
Wafer shipments forecast to set new highs through 2021
Total wafer shipments in 2018 year are expected to eclipse the all-time market high set in 2017...
Cicor adds new laser trimmer in Ulm, Germany
Swiss electronics manufacturing provider, Cicor, announces that the company has invested in a...
Kingston is the clear leader among branded SSD module makers
DRAMeXchange, a division of TrendForce, announces the global ranking of SSD module...
UK electrics manufacturer acquired by investment fund in a £162M deal
Caledonia Investments plc announces that it has acquired a majority stake in Deep Sea...
Harris and L3 Tech to combine in merger of equals
Harris Corporation and L3 Technologies, announces that they have agreed to combine in...
ABB expands manufacturing footprint in Indonesia
ABB has inaugurated a new high-voltage gas-insulated switchgear (GIS) manufacturing...
Northvolt finds powerful partners in BMW and Umicore
The BMW Group, Northvolt and Umicore have formed a joint technology consortium in order to work closely together on the continued development of a complete – and sustainable – value chain for battery cells for electrified vehicles in...
BMZ Group is an official shareholder of Sachs Micro Mobility
Karlstein am Main-based BMZ Group announces that it is now an official shareholder of Sachs...
RUAG is looking to split up the company
The board of directors of RUAG has made its first decisions regarding the unbundling of the...
Electrolux comments on impact from development in Sears
The Swedish white goods manufacturer has commented the announcement that one of...
Aegis & Inovaxe partners to improve inventory management, accuracy, ...
Aegis Software and material handling specialist Inovaxe, have teamed up to provide an...
Most Read
Load more news
Comments