GERMANY > US based AMETEK is set to acquire Germany based Motec GmbH

ametek logo Motec GmbH is a Germany based leading provider of integrated vision systems that serves the high growth mobile machine vision market and is set to be acquired by USA based AMETEK. Providing ruggedized vision products and integrated software solutions, Motec provides its customers with improved operational efficiency and enhanced safety across a variety of critical mobile machine applications in transportation, More …

SPAIN > China based Globalegrow to expand in Spain with a maintenance center and 19 employees

globalegrow With the boost of “the Belt and Road” initiative, Globalegrow is expanding to Spain by establishing a maintenance center. Globalegrow’s subsidiary company Cheetahrepair, the European Wing of Globalegrow is set to independently operate in Spain and will provide services such as quality testing, maintenance, refurbishment of returned products, and other after sales services from Globalegrow. According to Longlong Zheng, Manager More …

NETHERLANDS > USA based Synopsys expands its photonic design solution with the acquisition of the Netherlands based PhoeniX Software

Synopsys logo PhoeniX B.V. is a company that is headquartered in the Netherlands which is a global supplier of photonic chip design solutions. USA based Synopsys becomes the leading provider of photonic integrated circuit design automation solutions for a range of application requirement from data communications to sensors and biomedical devices with the acquisition. However, the terms of the deal are not More …

ISRAEL > USA based KLA-Tencor buys Israel based Orbotech at $3.4 billion

KLA-Tencor logo Valuing Orbotech at $69.02 per share, USA based KLA-Tencor is set to buy Israel based Orbotech. Orbotech is an Israeli firm that develops ways to enhance manufacturing of electronic products and KLA-Tencor will buy Orbotech shares through a combination of cash and stock. This will value Orbotech at $3.4 billion. According to Rick Wallace, KLA’s chief executive officer: “This acquisition More …

JAPAN > A consortium of Apple, Bain, South Korean Chipmaker SK Hynic, Dell Inc., Seagate Technology Plc. and Kingston signed $18 billion deal to buy Toshiba’s chip division

toshiba logo A consortium led by Bain Capital LP has agreed to take over the chip unit of Toshiba Corporation for $18 billion to stave off a potential delisting for the unit. However, due to too many conflicting interests for the eight member group, a Tokyo news conference on the deal was cancelled as all the member want access to NAND technology. More …

VIETNAM > South Korea’s Samsung Display to invest additional $2.5Bn in northern Vietnam

samsunglogo South Korea based Samsung Display is set to invest an additional $2.5 billion in Vietnam’s northern Bac Ninh province. This ambitious plan by Samsung is a five-year project starting from 2018. With this investment the total capital investment in Vietnam reaches to $6.5 billion by Samsung.   About Samsung Display Samsung Display develops and offers display products, technology, solutions to More …

USA > UK based Ultra Electronics to create around 80 new jobs with its new shared service center in Victor, New York

Ultra-Electronics-logo UK based electronics manufacture Ultra Electronics to create around 80 new jobs over four years’ period. For their job creation and retention commitment effort Ultra will be offered around $800,000 in tax credits in return from New York Government. Ultra will use its facility in Victor to create jobs. The new $11 million shared services center is expected to be completed More …

USA > South Korea’s LG electronics to invest $250Mn to build Washing Machine Factory in Tennessee, U.S.

LG_Electronics_logo_2015_(english).svg South Korea based LG Electronics is set to invest $250 million in Tennessee, USA to build washing machine production factory. The plant will be complete by 2019 and will be able to create 600 new jobs on completion. LG is expected to receive around $20 million grant from Tennessee state government for locating the 829,000-sq. foot factory on 310 acres More …