Methode’s Fiscal Q2 Sales Surge

Methode Electronics, Inc. (NYSE: MEI), a global developer of custom engineered and application specific products and solutions, today announced financial results for the Fiscal 2014 second quarter ended October 26, 2013. Second-Quarter Fiscal 2014 Methode’s second-quarter Fiscal 2014 net sales grew $61.1 million, or 47.1 percent, to $190.9 million from $129.8 million in the same…

Allied Inks Deal With Rittal

Allied Electronics, a trading brand of Electrocomponents plc (LSE: ECM), recently signed a distribution agreement with Rittal Corporation, a leading global manufacturer of enclosures and climate control products. Allied will add over 400 Rittal products to their linecard including  industrial and IT enclosures, racks and accessories, including climate control and hybrid applications.    “Adding Rittal strengthens…

Ametek Acquires Powervar

AMETEK, Inc.  today announced that it has acquired Powervar, a leading provider of power management systems and uninterruptible power supply (UPS) systems, for approximately $128 million. Headquartered in Waukegan, IL, the privately held company has annual sales of approximately $70 million. Powervar provides highly engineered and customized products designed to deliver reliable, high-quality power to…

Heilind Franchised by Schaffner Group

 Heilind Electronics, a leading distributor of electronic components, is now franchised for The Schaffner Group and offers a full array of Schaffner products. Schaffner’s products include EMC/EMI components, passive harmonic filters and magnetic components. Schaffner components are deployed in energy-efficient drive systems and electronic motor controls, in wind power and photovoltaic systems, rail technology, machine…

Micron. memory, DRAM

Micron Stabilizes, Predicts end of DRAM ‘Arms’ Race

After more than a decade of savage pricing pressures that devastated margins and profitability at suppliers combined with wild demand-supply swings, the semiconductor DRAM market appears to be finally settling into a more “normal” trading pattern, according to an executive at Micron Technology Inc. The chip vendor, one of about three top suppliers that led…