LUCKNOW, INDIA – Concord Control Systems Limited has taken a step into advanced electronics manufacturing with the acquisition of a 50% equity stake in Fusion Electronics Private Limited. The deal, completed through a definitive share purchase agreement, marks Concord’s entry into the high-value flex PCB segment and designates Fusion as an associate company.

KEDAH, MALAYSIA – Ichia Technologies has inaugurated its second state-of-the-art facility at Kulim Hi-Tech Park (KHTP). The $102 million investment establishes a 55,000-square-meter plant on an 11-acre site that integrates automation, AI and IoT systems in alignment with Industry 4.0 principles.

STOCKHOLM, SWEDEN – NCAB Group AB posted third-quarter net sales of $99.4 million, a 15% increase year-on-year, while order intake climbed 21% to $103.2 million. For comparable units, net sales grew 8% and order intake rose 14%. The company reported a book-to-bill ratio of 1.04, reflecting steady order momentum across key segments.

SAN JOSE, CA – Milan Mandaric, a pioneering force in the printed circuit board manufacturing industry and founder of Sanmina Corporation, passed away on October 4 at the age of 87 after a short illness.