SMT007 Magazine

SMT-Aug2017

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40 SMT Magazine • August 2017 Jabil Opens Mechanical Integration Facility in Silver Creek Jabil Inc. has announced the grand opening of its Silver Creek mechanical integration facility, which enables Jabil to office customers specialized exper- tise and resources for complex metal fabrication, welding, assembly and integration services. Cicor Strengthens Financial Flexibility with New Financing Cicor signed a new syndicated loan facility on Fri- day 30 June 2017 with a financing framework to the amount of 75 million Swiss francs. AWS Group Sustains Growth for Fifth Consecutive Year AWS has announced continued revenue growth for a fifth year running. Since its consolidation strategy in the UK at the turn of the decade, AWS has invested significantly at both its Newcastle-un- der-Lyme site in the UK and its Námestovo facili- ty in Slovakia, allowing for greater expansion in its offering. OSI Systems Completes Acquisition of Explosive Trace Detection Business OSI Systems Inc. has completed its previously an- nounced acquisition of the former Morpho glob- al explosive trace detection (ETD) business from Smiths Group plc for $75.5 million in cash, subject to a net working capital adjustment. Ultra Electronics to Acquire Sparton Sparton Corp. has entered into a merger agree- ment with Ultra Electronics Holdings plc, pursuant to which Ultra will acquire Sparton for $23.50 per share in cash. Sanmina Expands Technology Center in Southern California Sanmina Corp. has expanded its technology center in Costa Mesa, California. The company's technol- ogy center now offers an end to end solution, in- tegrating microelectronics, PCB fabrication, PCBA, memory products, quick turn prototyping, NPI, and manufacturing services. Inovar Breaks Ground for New Facility on USU Innovation Campus Inovar Inc., a full-service EMS provider, has secured a spot on Utah State University's Innovation Cam- pus. Company officials recently broke ground on a 100,000 sq. ft. facility at the university's research park. NEO Tech Invests in New Facility to Support New England High-Tech Customer Base NEO Tech plans to combine its two existing New England locations into a single site that will be more efficient and will offer customers improved service from a consolidated team. The Wilmington and Springfield, Massachusetts facilities will be re- located into one centrally-located facility in West- borough, Massachusetts. Nortech Systems Secures New Credit Facility of Up to $21M Nortech Systems Inc. has closed a new credit facil- ity of up to $21 million with Bank of America Mer- rill Lynch, with an additional $20 million accordi- on feature. Zentech First to Recertify for IPC Qualified Manufacturers Listing Zentech Manufacturing Inc. has become the first company to be recertified to the IPC-J-STD-001 Space Addendum QML program. MilAero007 Highlights

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