-
- News
- Books
Featured Books
- smt007 Magazine
Latest Issues
Current IssueBox Build
One trend is to add box build and final assembly to your product offering. In this issue, we explore the opportunities and risks of adding system assembly to your service portfolio.
IPC APEX EXPO 2024 Pre-show
This month’s issue devotes its pages to a comprehensive preview of the IPC APEX EXPO 2024 event. Whether your role is technical or business, if you're new-to-the-industry or seasoned veteran, you'll find value throughout this program.
Boost Your Sales
Every part of your business can be evaluated as a process, including your sales funnel. Optimizing your selling process requires a coordinated effort between marketing and sales. In this issue, industry experts in marketing and sales offer their best advice on how to boost your sales efforts.
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - smt007 Magazine
HANZA Acquires Product Development Company in Germany
July 5, 2022 | HANZAEstimated reading time: 1 minute
To meet an increasing demand, HANZA AB has acquired Budelmann Elektronik GmbH in Münster, Germany. The deal underlines the unique width of HANZA's offer.
HANZA AB is a contract manufacturer offering regional and complete manufacturing in six manufacturing clusters. In addition, HANZA offers advisory services that optimize customers' supply chains, and product development.
To further strengthen the product development part, HANZA has today acquired Budelmann, which consists of a multidisciplinary team of 10 people with excellence in electronics, mechanics and software development. The company is headed by the technical doctor and professor Christoph Budelmann and his wife Jeannine Budelmann, who holds an international education in economics and culture from universities in Germany, France and China.
"Our mission is to continuously increase our customers' competitiveness," says Erik Stenfors, CEO of HANZA. "Successful customers are the key to HANZA’s amazing growth journey. Recently we reported that we had passed SEK 3 billion in sales over a 12-month period, with good earnings. In 2022, we complete an extensive expansion program for our six manufacturing clusters. Thus, this deal is a natural next step; a strategic acquisition to meet the growing demand also in product development."
Budelmann will change its name to "HANZA Product Development Services GmbH" and will be a central resource for all HANZA customers. The company is located in Münster, close to HANZA's other operations in Germany, and complements HANZA's existing product development team in Remscheid.
The deal also creates added value for Budelmann's existing customers. "We are strengthening our various core competencies while offering our customers a unique manufacturing concept," says CEO Jeannine Budelmann.
The acquisition is almost debt-free and has an annual turnover of approximately 15 MSEK. The purchase price for the shares is approx. 8 MSEK, with a further approx. 2 MSEK in the form of an additional purchase price. The acquisition only has a minor direct impact on HANZA's income statement and balance sheet.
Suggested Items
IDTechEx Report Unveils 3D Electronics Status and Opportunities
04/22/2024 | PRNewswire3D electronics is an emerging manufacturing approach that enables electronics to be integrated within or onto the surface of objects. 3D electronic manufacturing techniques empower new features, including mass customizability, greater integration, and improved sustainability in the electronics industry.
Altus Group Helps BitBox Unlock Productivity and Efficiency Gains with New Reflow Oven
04/22/2024 | Altus GroupAltus Group, a leading provider of capital equipment, has recently assisted BitBox, a UK-based electronics design, engineering and manufacturing company in upgrading its operations with the implementation of a new reflow oven from Heller Industries.
Growth Potential: Electronics Manufacturing Driving Massive Surge in Manufacturing Investment
04/22/2024 | Shawn DuBravac, IPCIn the early months of the pandemic, investment in manufacturing infrastructure, such as plants and production facilities, declined sharply. Real investment dropped over 11%, before finally recovering to pre-pandemic levels in the first half of 2022. Over the past two years, however, several factors have combined to drive manufacturing investment to record levels.
I-Connect007 Editor’s Choice: Five Must-Reads for the Week
04/19/2024 | Marcy LaRont, PCB007 MagazineFor my must-read picks of the week, I’m highlighting Parker Capers, a young professional seeking employment, solid counsel from Dan Beaulieu on what your post-show plan should look like, more information and insight on “chiplets” and the need for secure data transfer standards from columnist Preeya Kuray, as well as Matt Stevenson’s design for reality wisdom. It’s a reminder to download one of our newest books (there are several) you don't want to miss if you are an assembler.
Absolute EMS Champions Collaboration Between Humans and Robots in Modern Manufacturing
04/19/2024 | Absolute EMS, Inc.Absolute EMS, Inc., an award-winning EMS provider of turnkey contract manufacturing services, offers a perfect factory environment that seamlessly blends robotic automation with human expertise.