Product category:
PCB Assembly Equipment and Tools
News Release from: Universal Instruments
Edited by the Electronicstalk Editorial
Team on 02 December 2002
Placement alliance survives acquisition
Hitachi High-Technologies and Universal Instruments are to continue their successful OEM business for turret-style high-speed placement equipment.
Following Hitachi High-Technologies Corp's (HHT) acquisition of Sanyo High Technology Co, which is be renamed Hitachi High-Tech Instruments Corp, HHT and Universal Instruments Corp (UIC) have confirmed that they will continue their successful OEM business for turret-style high-speed placement equipment The intent is to strengthen the partnership to further bolster the presence of this best-in-class product offering to the global marketplace
This article was originally published on Electronicstalk on 17 Jul 2002 at 8.00am (UK)
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This should lead to substantial benefits for customers, as well as including greater market focus, and increased global operations.
Universal has accounted for over 1200 units throughout the current relationship.
Both HHT and Dover Technologies are excited about the possibilities for the future.
There are many potential benefits to this new relationship, among which are a better appreciation for the worldwide market, an expectation for greater flexibility and aggressiveness, and a more direct line of communication between UIC and HHT's other distribution channels.
Although details are not yet firm, there is also the possibility for further product sharing, technology transfers and shared development in order to strengthen each other's product portfolios.
Initial conversations have revolved around HHT distributing Universal's GSM flexible fine-pitch machines in the Japanese market.
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