Fab News

MIAMI – Element Solutions reported first quarter electronics net sales increased 21% year-over-year to $427 million. Organic net sales increased 8%.

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STOCKHOLM – NCAB reported first quarter net sales increased 85% to SEK 1.14 billion (US$116.1 million). In US dollars, net sales increased 66%. For comparable units, net sales increased 60%, and in US dollars 42%.

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OULU, FINLAND – Aspocomp posted first quarter net sales of €9 million (US$9.6 million), an increase of 45% year-over-year.

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PENANG, MALAYSIA – TTM Technologies broke ground at a new manufacturing plant in Penang, Malaysia. The proposed capital investment for this plant is $130 million through 2025.

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FONTENAY-AUX-ROSES, FRANCE – Icape Group is preparing its IPO. The printed circuit board distributor had revenue of €169 million (US$182.4 million) in 2021, up 34%. The company aims for revenue of €500 million by 2026.

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SANTA ANA, CA – TTM Technologies has agreed to acquire Telephonics Corp. in a debt-free cash transaction for $330 million, subject to customary working capital adjustments at closing.

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