Printed Circuit Design & Fab Online Magazine - Fab News

Fab News

SALT LAKE CITY -- Precision Technology, Inc. (PTI), a longtime producer of printed circuit boards, today announced its merger with Epec Engineered Technologies.

Read more: Epec Acquires Precision Technology Inc.

MILAN -- NCAB Group today signed an agreement to acquire 100% of the shares in Bare Board Consultants based in Codogno, south of Milan, Italy.

Read more: NCAB Group Acquires Bare Board Consultants in Italy

TORONTO -- Firan Technology Group has entered into an agreement to acquire Haverhill, MA-based IMI Inc., a manufacturer of specialty RF circuit boards focused on the aerospace and defense markets.

Read more: FTG to Acquire RF PCB Maker IMI Inc.

CHANDLER, AZ -- Rogers Corp. today announced Bruce D. Hoechner, president and chief executive, will retire, effective Dec. 31. Rogers' board of directors plans to appoint Colin Gouveia, senior vice president and general manager of Rogers’ Elastomeric Material Solutions business unit, to succeed him.

Read more: Rogers Appoints Gouveia New CEO, Superseding Retiring Hoechner

PETACH TIKVA, ISRAEL — Eltek reported revenues of $10.3 million in the third quarter, up 27.5% from the $8 million in revenues for the third quarter of 2021.

Read more: Eltek Announces 27.5% Increase in Quarterly Revenue

UUSIMAA, FINLAND — Aspocomp reported third quarter sales of €10.4 million (US $9 million), an increase of 16% from last year, and year-to-date sales of €29 million ($22.4 million) an increase of 29% from 2021.

Aspocomp estimates that its net sales for 2022 will increase from 2021's totals of €33.2 million ($34.3 million).

“Strong performance continued in the third quarter of the year. Net sales grew by 16 percent to EUR 10.4 million. Net sales for January-September amounted to EUR 29.0 million, a year-on-year increase of 29 percent," said Aspocomp President and CEO Mikko Montonen. "The Semiconductor Industry continued to be the engine of growth in third-quarter net sales, as large investments in chip capacity in different parts of the world boosted the demand for printed circuit boards. In the Telecommunication segment, the usual lull in customers' product development work during the holiday season reduced net sales. Net sales in Security, Defense and Aerospace grew moderately, but measured by the number of requests for offers and product evaluations, the segment’s quarter was quite active."