< Go Back | Contact Us | Sample Request | Product Inquiry | Site Map | Email Page
All news items from the selected month appear below

Power-One Aquires Magnetek's Power Electronics Group

Thursday, September 28, 2006 - "Power-One, Inc. (NASDAQ:PWER) today announced that it has signed a definitive agreement with Magnetek Inc. (NYSE:MAG) to acquire its Power Electronics Group. Magnetek specializes in the application of advanced power electronics technology to meet the needs of the global digital economy." Here are some highlights of the aquisition:

- Combined 2007 sales expected to be in the range of $530 million to $550 million
- Acquisition is expected to be accretive in first quarter of 2007
- Synergies expected to be approximately $9 million, or $0.10 per share in 2007 and $20 million, or $0.22 per share in 2008
- Vaults Power-One into the world's "Top 6" power supply companies
- Adds manufacturing in China to address Power-One's need for expanded high-volume, low-cost manufacturing capability in Asia
- Top-tier R&D talent added to expand growth in custom products; acquired custom product capability complements Power-One's standard product offerings
- Acquisition adds Alternative Energy market to Power-One's applications.

For more information, visit: http://www.power-one.com/investor/magnetek_announcement.html


Ontec SSI now represents Neoconix, Luminary Micro and Stretch Semiconductor

Friday, September 15, 2006 - Ontec SSI is pleased to announce the addition of Neconix (embedded interconnection), Luminary Micro (32 bit ARM-based microcontrollers), and Stretch Semiconductor (software configurable processors) to our line card.


Monthly News Archives
  • May 2002
  • August 2002
  • November 2002
  • March 2003
  • May 2004
  • June 2004
  • November 2004
  • January 2005
  • September 2006

< Ontec SSI Home

Powered by Blogger.