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Electrical Components & Equipment

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Guangzhou Baiyun Electric Equipment revises asset acquisition plan

Monday, 4 Dec 2017

Dec 4 (Reuters) - Guangzhou Baiyun Electric Equipment Co Ltd <603861.SS>::SAYS IT REVISES ASSET ACQUISITION PLAN, TO BUY 80.38 PERCENT IN GUILIN POWER CAPACITOR FOR 972.3 MILLION YUAN ($147.03 million) VIA CASH, SHARE ISSUE.

Kubotek to dissolve unit KUBOTEK Europe srl and write off about 600,000 euros debt in unit

Thursday, 30 Nov 2017

Nov 30 (Reuters) - Kubotek Corp <7709.T>:Says it will dissolve unit KUBOTEK Europe srl, which is engaged in sale of CAD software.Says it will write off about 600,000 euros(80 million yen) debt in the unit, at the end of March 2018 .

TDK to merge with Tokyo-based SPC

Wednesday, 29 Nov 2017

Nov 29 (Reuters) - TDK Corp <6762.T>:Says it plans to merge with a Tokyo-based SPC, with effective date on April 1, 2018.Says the SPC will be dissolved after merger.

MTS Reports Qtrly ‍Earnings Per Share $0.29

Monday, 27 Nov 2017

Nov 27 (Reuters) - MTS Systems Corp ::MTS REPORTS FISCAL YEAR 2017 FOURTH QUARTER AND FULL YEAR FINANCIAL RESULTS.SEES FY 2018 GAAP EARNINGS PER SHARE $2.05 TO $2.30.SEES FY 2018 REVENUE $780 MILLION TO $820 MILLION.Q4 REVENUE $201.5 MILLION VERSUS I/B/E/S VIEW $194.5 MILLION.- ‍TEST ORDERS FOR QUARTER WERE $153.3 MILLION, A 28.2 PERCENT SEQUENTIAL INCREASE OVER Q3 OF FISCAL 2017​.QTRLY ‍ EARNINGS PER SHARE $0.29​.Q4 EARNINGS PER SHARE VIEW $0.36 -- THOMSON REUTERS I/B/E/S.- ‍ 2018 GUIDANCE REFLECTS ADDITIONAL RESTRUCTURING EXPENSES OF $1.0 MILLION TO $3.0 MILLION FOR ACTIONS INITIATED IN FISCAL YEAR 2017​.- ‍ FORECASTING ADJUSTED EBITDA FOR 2018 TO RANGE BETWEEN $120 MILLION AND $140 MILLION​.- ‍ EXPECT TO EXPERIENCE FLAT TO SLIGHTLY DECLINING REVENUE GROWTH AND MODEST EARNINGS GROWTH FOR 2018 FOR TEST BUSINESS​.QTRLY ‍ADJUSTED DILUTED EARNINGS PER SHARE $0.44​.

Dometic boosts marine business with $875 mln acquisition of SeaStar

Wednesday, 22 Nov 2017

Nov 22 (Reuters) - Dometic Group AB (Publ) :Dometic acquires SeaStar Solutions, a leading North American-based supplier to the leisure marine industry, from affiliates of American Securities LLC.Says acquisition strengthens and expands Dometic's position as a global supplier to the marine industry through new product areas, and a broader distribution network and market presence.Says ‍cash purchase price of USD 875 million, fully financed via cash and committed bank facilities​.Says ‍sees sales and cost synergies of USD 20 million per annum, fully realized within 3 years​.Says ‍closing expected in Q4 2017, subject to customary conditions and regulatory approval​.Says SeaStar ‍is expected to report sales of USD 320 million and EBITDA of USD 85 million in 2017.SeaStar Solutions is based in North America, operates 8 facilities and employs approximately 1,250 people​.Says ‍Dometic intends to maintain its dividend policy of at least 40 per cent of net profit​.

American Electric qtrly ‍loss per share $0.13​

Tuesday, 14 Nov 2017

Nov 14 (Reuters) - American Electric Technologies Inc : :American Electric Technologies Inc - ‍AETI announced revenue for quarter of $13.3 million, up 52% from $8.7 million reported in Q3 of 2016​.American Electric Technologies - ‍during quarter, company's business operations in Houston and Beaumont Texas were adversely impacted by hurricane Harvey​.American Electric Technologies Inc - ‍negative revenue impact of $2.5 million in quarter due to hurricanes​.American Electric Technologies Inc qtrly ‍loss per share $0.13​.American Electric Technologies Inc - ‍company reported quarter ending backlog of $23.5 million, up 3% from $22.7 reported at end of Q2 of 2017​.

Teikoku Tsushin Kogyo to dissolve and liquidate INDONESIA-based electronic parts manufacture unit

Tuesday, 14 Nov 2017

Nov 14 (Reuters) - Teikoku Tsushin Kogyo Co Ltd <6763.T>:Says it will dissolve and liquidate INDONESIA-based electronic parts manufacture unit .Says the process will need one and half years to two years .

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