The UR Holding reports a turnover for 2006 of 48.87 m Euro, representing an increase of more than 25%. The EBIT was increased from 1.17 m Euro for the business year 2005 to 1.48 m Euro in the reporting period of 2006. The net profit decreased by 2.5% to 400 000 Euro.

According to a study by Europartners Consultants, there has not been such an upsurge in the field of distribution of electronic components as in 2006 since the boom in the year 2000. Based on the distributors investigated, who generate approximately 75% of the DTAM (Distribution Available Market), t...

LSI Corporation announced that it will eliminate approximately 900 positions or about 13 percent of its non-production workforce across all business and functional areas on a global basis. The restructuring is a result of a portfolio review that LSI has been conducting under a three-phase business a...

SiConnect, the provider of multimedia distribution technology for the home, has appointed Russell Haggar as Vice President of Marketing. Russell joins the company from Esprit Capital Partners, a tech-focused VC firm and a major investor in SiConnect. Russell previously worked with Element 14 (acquir...

Eaton acquires the small systems business of Schneider Electric’s MGE UPS Systems for €425 million ($570 million). The transaction is expected to close in the third quarter. For the 12-month period ending May 31, 2007, the small systems business of MGE had sales of approximately €163 million ($218 m...

Eaton sells its Mirror Controls Division to funds managed by Englefield Capital LLP, a private equity firm, for $111 million. The transaction is expected to close within the next 30 days. Eaton’s Mirror Controls Division is part of the company’s Automotive Group. The division employs approximately 6...

According to the ZVEI - German Electrical and Electronic Manufacturers' Association - the turnover of semiconductors in Germany in May 2007 was approximately the same as in the previous month. Compared to May 2006, the growth was 3%, after respectively zero growth in the previous months of April and...