Alert Data News | Business | Companies | UK | Electronic & Electrical components and equipment

eoSemi Ltd

Tue, 07 Feb 2012 11:11:58 +0000

£1.5m funding secured - technology development strategy
Cheshire-based technology company eoSemi has secured a £1.5m second tranche of funding from existing investors EV, NESTA investment an Capital-E. eoSemi will continue developing silicon replacements for the quartz crystals currently used in electronic devices with a view to bringing the technology into a $4bn market.

Markon Sawafuji Limited

Tue, 07 Feb 2012 10:04:08 +0000

Factory Closure - Production Moved Abroad - 31 Jobs Lost
Alternator firm Markon Sawafuji in Oakham are to close its factory after 10 years, resulting in the loss of 31 jobs. The company is a joint venture between Cummins Generator Technologies in Stamford and Sawafuji in Japan. Production will now be moved to Mexico and Japan and the factory has been put on the market.

Aero Stanrew Limited

Tue, 07 Feb 2012 09:30:46 +0000

£4.2m private equity investment - MBO - business expansion strategy
Devon-based aerospace component manufacturer Aero Stanrew Ltd has undergone an £8.5m management buyout. WestBridge Fund Managers has invested £4.2m in the MBO. The investment will allow Aero Stanrew to extend its product range and enter new markets.

Aero Stanrew Limited

Tue, 07 Feb 2012 09:30:46 +0000

£8.5m management buyout of electromagnetic components company
Aero Stanrew, the Devon-based supplier of electromagnetic components to the aerospace sector, has been bought by its management for £8.5m. Private equity for the acquisition came from WestBridge Fund Managers, with HSBC providing structured debt. The business employs 170 staff in Barnstaple and its base in Tunisia. The management team is led by Clive Scott and also includes Chris Evans, Owen Rolfe and Peter Vaughan. Phil Crawford-Smith of Westbridges Co-Investment Club is Independant Chairman.

Hitachi Europe Ltd

Tue, 07 Feb 2012 08:48:40 +0000

New rail depot approved - 44 acre site - Work starting summer 2012
Hitachi Rail has won planning approval for a rail depot at Stoke Gifford, Gloucestershire. The 44-acre site will create jobs and help improve local rail services when it becomes operational in 2016/17. Work is expected to start in summer 2012, ready for testing trains by the middle of 2015. Andy Barr is Hitachi head of maintenance.

Sony United Kingdom Ltd

Mon, 06 Feb 2012 09:34:27 +0000

New chief executive - Four years of losses - Integrating handset venture
Sony is taking full control of the Sony Ericsson handset venture and integrating it with its other consumer device lines. Kazuo Hirai has become president and CEO, replacing Howard Stringer, who stays as chairman. Hirai is currently head of the games unit. Sony has made four years of losses to 2011.

Stagecraft Technical Services Limited

Mon, 06 Feb 2012 09:18:28 +0000

Company in administration - Assets acquired by competitor
The assets of a Wiltshire sound and light staging company, Stagecraft Technical Servivces (STS), have been bought out of liquidation by Dorset-based competitor CPS Group, following the company going into administration in December 2011. STS was a specialist audio visual, lighting, sound and staging company with an annual turnover of £700,000. Revenue was generated through retail, hire and permanent installations mainly for theatrical and musical productions.

Cardwave Services Limited

Mon, 06 Feb 2012 09:18:28 +0000

Partnership with Chinese firm - expansion in SSD market
Wiltshire-based technology services company Cardwave Services Ltd has entered into a joint venture partnership with RunCore, a China-based manufacturer of Solid State Drives (SSDs) for high-end markets. RunCore will become Cardwave's preferred manufacturer of performance-driven SSDs.

Syntech Sw Limited

Mon, 06 Feb 2012 08:08:17 +0000

£100k award - Business expansion - 12 jobs created
Paignton-based Syntech has received a £100,000 award to upgrade its production technology, which will create an estimated 12 jobs. The company employs 130 staff and is one of the UK's top 20 electronics manufacturers in its field. Virtually all its products are exported. Mike Badcott and Malcolm Keat are co-directors of the company.

Bglobal plc

Fri, 03 Feb 2012 09:06:11 +0000

Potential new jobs - £11.7bn energy meter programme
BGlobal Plc expects to create jobs after a £11.7bn scheme to distribute energy reading devices to homes and businesses was revived. The programme was delayed by the government in 2011 but BGlobal is now working with an experienced retailer to establish a new energy supplier to enter the residential market.