AMETEK, Inc. (NYSE: AME) today announced that it has acquired Teseq Group, a leading manufacturer of test and measurement instrumentation for electromagnetic compatibility (EMC) testing, for CHF 83 million ($92 million). Headquartered in Luterbach, Switzerland, the privately held company has annual sales of approximately CHF 48 million ($53 million). Teseq manufactures a broad line of…
DetailsMotorola Solutions, Inc. (NYSE: MSI) today announced that it has acquired Twisted Pair Solutions, a recognized leader in push-to-talk over broadband applications for secure, real-time communication anywhere, on any device. Terms of the transaction were not disclosed. Twisted Pair is a privately held software communications company whose WAVE® software transforms smartphones, tablets and PCs into…
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Xilinx Inc. (NASDAQ: XLNX) is hot with investors and the analyst community. The rating of the semiconductor manufacturer was recently upgraded by several research firms with all of them jacking up their 52-week price target for its stock on the belief that the company is well positioned for near-term growth after notching a technology edge…
DetailsEconomic activity in the manufacturing sector expanded in December for the seventh consecutive month, and the overall economy grew for the 55th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business®. The report was issued today by Bradley J. Holcomb, CPSM, CPSD, chair of the Institute for Supply Management™…
DetailsIn Taiwan, manufacturing activities rose in December to their highest level in almost three years, closing 2013 with a bang and pointing to continuing expansion in one of the electronics industry’s key production areas. A report from HSBC and Markit today said the Manufacturing Purchasing Managers’ Index (PMI) for Taiwan surged to 55.2 in December,…
DetailsManufacturing conditions remain healthy in China although the pace of growth moderated in December with new orders rising only fractionally and pressure mounting on export orders, according to the latest research data on the world’s second biggest economy. Production rose overall in China during the month but fell to a 3-month low, according to the…
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As the year winds down, it’s inevitable that we reflect on the past year. Here is Electronics Purchasing Strategies’ top 10 most read, most clicked stories for the year. Several of our most popular stories look at some of the biggest issues in the supply chain, including counterfeiting, offshoring, and chip resale. Other most read…
DetailsMolex Incorporated recently presented TTI, Inc. with its 2013 Global Distributor of the Year Award. Presented annually, the award recognizes outstanding partners demonstrating growth in global sales coupled with customer service, operational and management excellence. “An exceptional channel partner, TTI sales consistently outpace those of peer distributors,” states Graham Brock, executive vice president and president…
DetailsMolex Incorporated has bestowed its 2013 Global e-Catalog Distributor of the Year Award on Mouser Electronics, Inc. The annual award recognizes a Molex distributor for outstanding financial growth in Internet-based e-catalog sales and customer procurement across global markets. “E-commerce drives a significant percentage of business acquisition. Web sales rank among the fastest growing distributor channels. …
DetailsGlobal-Tech Advanced Innovations Inc. (NASDAQ:GAI) today announced its financial results for the quarter ended September 30, 2013 (the Company’s second quarter of fiscal 2014). Additionally, the Company announced the closure of its EMS business. Net sales for the second quarter of fiscal 2014 were $12.6 million, compared to $26 million for the corresponding quarter in…
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