CANONSBURG, PA – Simulation software company Ansys reported first-quarter revenue of $158 million, up 16% year-over-year.
Net income was $42.2 million, up 30% compared to the first quarter of 2010.
The firm raised its guidance for the full year to revenue between $645 million to $665 million.
For the remainder of 2011, the company says an important priority is the support of its Japanese employees and customers during the rebuilding process.
SANTA ANA, CA – Printed circuit board manufacturer TTM Technologies has entered into a letter of intent to acquire the remaining 20% interest in Meadville Aspocomp (BVI) Holdings Ltd. from Aspocomp Group for EUR 14.5 million.
TTM also has agreed to exchange its 10% stake in Aspocomp Oulu Oy for approximately 12.3 million shares of Aspocomp.
TTM's Asia Pacific business segment, which at the time was part of Meadville Holdings Ltd., acquired an 80% percent interest in Meadville Aspocomp from Aspocomp in late 2007, with an agreement to purchase the remaining 20% as early as January 2013.
By agreeing to purchase the remaining stake early, TTM will receive a discount of approximately EUR 2.9 million to the minimum price.
CHANDLER, AZ -- Rogers Corp. has opened a $20 million printed circuit laminate production facility in Suzhou, increasing its high-end global capacity by some 50%.
ST. LOUIS -- Viasystems Group reported first-quarter sales at its printed circuit board unit fell 2% sequentially to $192.7 million as the Chinese New Year and unplanned maintenance took their toll.
