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

Global semiconductor revenue reached $600 billion in 2022

Gartner, Inc. has revealed that worldwide semiconductor revenue grew by 1.1% in 2022 to total...

Tech Mahindra, IQM Quantum Computers partner for quantum computing research

Tech Mahindra and IQM Quantum Computers have partnered to co-create quantum computing offerings...

NIST to phase out SHA-1 cryptographic algorithm by 2030

The U.S. National Institute of Standards and Technology has announced that it is retiring SHA-1,...


  • All content Copyright © 2023 Westwick-Farrow Pty Ltd