Mayer Krieg expands business

Tuesday, 04 September, 2001

Mayer Krieg and REC Electronics have merged and will trade under the name of Mayer Krieg. The merger creates a components and subsystems vendor valued at over $50 million. However, in the merger 10% of the workforce will lose their jobs.

Mayer Krieg will now be ranked in the top four components distributors. "There was very little competition between Mayer Krieg and REC so we are bringing the two together to provide one source covering a broad range of the industry's needs," Mayer Krieg general manager Peter Mayer said. "Both companies have different areas of expertise but combined will give the industry access to a broader range of products through a single source company."

Related News

Drone industry to be worth US$92 billion by 2030

New regulatory changes and the slow rollout of remote ID and 5G will enable an enormous upscaling...

'Lab-in-Fab' to advance adoption of piezoelectric MEMS

STMicroelectronics, A*STAR's Institute of Microelectronics and ULVAC will jointly set up and...

Webinar: How eSIM is forging a new future in IoT

Digi-Key Electronics has announced that it is sponsoring a product training webinar with...

  • All content Copyright © 2020 Westwick-Farrow Pty Ltd