Benshaw acquires Excel Industrial Electronics
August 14, 2020Pittsburgh-based applied motor control solutions manufacturer, Benshaw, has announced the acquisition of Excel Industrial Electronics Inc. (Excel).
Pegatron to merge with Casetek
August 14, 2020Pegasus Ace Limited, a subsidiary of EMS-giant Pegatron, has entered into a merger and acquisition agreement with Taiwanese manufacturer of light metal casings, Casetek Holdings Limited.
Cicor remains profitable even during the pandemic
August 13, 2020Following a steady growth in previous years, the Swiss manufacturer recorded a 17.3% decline in sales in the first half of 2020 due to the effects of the global pandemic.
Leoni’s sales and earnings take hit from Covid-19
August 12, 2020The automotive industry is one of the most important business segments for German manufacturer Leoni. Considering the impact the current pandemic has had on this industry sector, Leoni’s business performance has been significantly affected by the pandemic too.
New CEO at Inission Malmö AB
August 12, 2020Swedish EMS provider Inission announces that it has appointed a new CEO for its production unit in the south of Sweden.
Declining market environment forces HELLA to reduce headcount
August 11, 2020In a difficult market environment, based on preliminary figures, automotive supplier HELLA generated lower group sales than during the previous year. "We have to face the challenging market conditions with foresight and focus in particular on our cost structures," says Dr. Rolf Breidenbach.
Meyer Burger sells its microwave and plasma maker Muegge
August 11, 2020Meyer Burger Technology is selling its microwave and plasma technology company Muegge GmbH, to investment company HQ Equita.
CATL to guarantee high-volume battery supply to Mercedes-Benz
August 07, 2020Mercedes-Benz and CATL (Contemporary Amperex Technology Co., Limited) have entered the next stage of their partnership which will focus on the creation of battery technology to support the high-volume electrification of the car makers portfolio.
Schmersal produces Bluetooth modules for aconno
August 06, 2020The Schmersal Group’s Wettenberg production site has begun production of wireless modules for aconno GmbH. aconno, a young start-up based in Düsseldorf, Germany, develops Internet of Things and Industry 4.0 solutions including Bluetooth and sensor modules and development kits.
Jenoptik: order intake down on prior year; order backlog slightly up
August 06, 2020From January through early March business performance was in line with expectations, but clear impacts of the corona pandemic and increasing uncertainty within the automotive industry became apparent from late March on.
thyssenkrupp completes sale of elevator business
August 06, 2020thyssenkrupp has successfully completed the sale of its elevator business after all the responsible authorities had approved the sale to a bidding consortium led by Advent International and Cinven.
BOE takes the lead as Chinese panel manufacturers expand on the market
August 05, 2020BOE and CSOT strategically adjusted their Gen 8.5 production lines by shifting some production capacities from TV panels to monitor panels instead, according to TrendForce’s latest investigations.
Analog Devices team up with Intel to address 5G network design challenges
August 05, 2020The companies are collaborating to create a flexible radio platform that addresses 5G network design challenges and will enable customers to scale their 5G networks more quickly and economically.
Mikron to sell subsidiaries in Berlin and Lithuania
July 31, 2020The Swiss automation solutions and machining systems provider has announced that it is selling two of is subsidiaries located in Berlin, Germany and Kaunas in Lithuania.
New management takes the reins at Würth Elektronik eiSos
July 31, 2020As of the 1st of May 2020, Dirk Knorr and Josef Wörner have been appointed as General Managers for the German business of the Würth Elektronik eiSos GmbH & Co. KG, having been a part of the management circle of the company for years.
Schweizer: decline in sales still within rather pessimistic expectation
July 29, 2020Due to the effects of the COVID-19 pandemic, preliminary figures show that Schweizer’s business performance in the first half of 2020 was significantly weaker than in the previous year.
Southwire acquires Madison Electric Products
July 29, 2020As part of the company's growth strategy, Southwire announces the acquisition of Madison Electric Products LLC of Solon, Ohio – a manufacturer of electrical components and accessories.
Analog Devices acquires HDMI business from INVECAS
July 28, 2020Analog Devices, Inc. has acquired the High Definition Multimedia Interface (HDMI) business of Santa Clara based INVECAS.
Intel’s chief engineering officer to leave the company
July 28, 2020Changes to Intel’s technology organisation are coming. New leaders have been appointed and Murthy Renduchintala will leave the company.
ESCATEC advances MOEMS CapabilitiesLoad more news
July 28, 2020In another step up the hi-tech ladder, ESCATEC recently invested in new technology to advance its capability in MOEMS (micro-opto-electro-mechanical systems).