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December News in Brief

01 December, 2010

♦  Allied Motion Technologies is buying the Swedish motion specialist Östergrens Elmotor for around $8m, plus a performance-related sum. Östergrens designs drive electronics, software and mechanical processes and has manufacturing facilities in Sweden and China. Its 2009 revenues were $15m and it employs 58 people.

♦  The Japanese motor manufacturer Nidec is buying Sanyo Seimitsu, a subsidiary of Sanyo Electric that specialises in producing small precision DC motors such as those used to produce vibrations in mobile phones. The deal is reported to be worth $85m.

♦  Datalogic has settled a patent dispute with Sick that has been running since 2005. Datalogic has granted Sick a licence allowing it to continue using its PackTrack technology in stationary barcode scanners for industrial applications.

♦  SKF is buying the US lubrication systems supplier Lincoln Holdings Enterprises (known as Lincoln Industrial) from the Harbour Group for $1bn. Lincoln has around 2,000 employees and generates sales of around $400m, with an operating profit margin of around 24%.

♦  Danaher Motion has changed its name to Kollmorgen in Europe, adopting the name of the business that it acquired for $325m in 2000. It says that the change will create a clear brand. Kollmorgen is also moving its European headquarters to larger premises in Ratingen, Germany. It says it has been growing faster than the market and is hiring new staff.

♦  Sweden’s Beijer Electronics has bought QSI Corporation, the US-based supplier of rugged operator interfaces and mobile data terminals, for around SEK80m (£7.5m). Beijer has also acquired a 37% stake in the Taiwanese data communications company Korenix Technology, for SEK41.5m (£3.9m), making Beijer its largest shareholder.

♦  Kinetek, a US-based manufacturer of motors and controls, has acquired the commercial refrigeration motors product line from GE Energy’s Industrial Solutions Division. The motors will now be manufactured by a Kinetek subsidiary, Merkle-Korff Industries.

♦  IMS Research is predicting that the global market for embedded computer boards and modules will grow from $2.5bn in 2009 to $4.3bn by 2014. It expects the highest growth to be for smaller boards with miniaturisation as a key focus.

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