Trackwise Announces Stevenage Circuits' Sale Process
May 17, 2023 | Trackwise Designs PLCEstimated reading time: 1 minute
Trackwise Designs plc, a leading manufacturer of specialist products using printed circuit technology, announces the launch of a sale process for the Stevenage Circuits business, in order to allow the Company to focus its financial and management resources more fully on its core IHT business.
On 30 March 2023 the Company announced that, following an impairment review of Stevenage Circuits Limited ("SCL"), there would be an impairment charge related to SCL as laid out in that announcement.
Following a further internal review, the Board has resolved to commence a sale process for SCL (the "SCL Sale Process"). The SCL Sale Process may be by way of the sale of SCL (a 100% owned Group subsidiary), or by way of a business and assets sale or similar. The Board will assess the merits of expressions of interest received pursuant to the SCL Sale Process but wishes to be clear that there can be no certainty that a sale will go ahead, nor as to the terms of any such sale. Should a sale go ahead, the timing of the sale and receipt of any proceeds remains uncertain. Further details are provided below.
SCL operates from the Group's Stevenage site and forms the majority of the Group's Advanced PCB (APCB) business. Disposal of SCL would not impact the IHT business and would remove the risk of SCL diverting resources away from the IHT business.
Suggested Items
Elementary, Mr. Watson: Ensuring Design Integrity
03/28/2024 | John Watson -- Column: Elementary, Mr. WatsonBack in February, many of us watched the "Big Game." It reminded me of the saying, “It's not how you start that is important, but rather how you finish." It is perfectly okay when you are talking about sports, you get off to a bad first half and need to recover in the second half. However, when it comes to PCB design, this is not a good practice. If things start badly, they usually don't recover. They continue down that same path, costing more money and losing design time.
ASMC 2024 to Showcase AI, Smart Manufacturing and Sustainability to Advance Chip Industry Manufacturing Expertise
03/27/2024 | SEMIMore than 125 experts will offer insights into the latest semiconductor manufacturing strategies and methodologies as hundreds of industry stakeholders gather at the 35th annual SEMI Advanced Semiconductor Manufacturing Conference (ASMC 2024), May 13-16 in Albany, New York.
Mycronic to Showcase More Versatile, High-productivity Assembly Solutions at IPC APEX EXPO 2024
03/27/2024 | MycronicMycronic, the leading Sweden-based electronics assembly solutions provider, will continue to respond to growing customer demand for high-flexibility, high-productivity solutions for zero-defect PCB assembly at IPC APEX EXPO 2024 in Anaheim, CA on April 9 - 11.
IPC APEX EXPO 2024: LPKF—Debunking Depaneling Industry Perceptions
03/27/2024 | Nolan Johnson, I-Connect007In this audio interview, listen to Jake Benz discuss advances in laser depaneling at LPKF. Thanks to advances in laser technology, perceptions about laser depaneling are changing from a low-speed, specialized process to a high volume process suitable for production manufacturing. Benz elaborates on some of the development and engineering that went into creating their latest, most capable depaneling machines.
The Many Complexities of PFAS
03/26/2024 | Marcy LaRont, PCB007 MagazineIn its simplest definition, PFAS is a group of chemicals used to make fluoropolymer coatings and products that resist heat, oil, stains, grease, and water. Fluoropolymer coatings can be in a variety of products. Though this definition is not inaccurate, it can be misleading. Depending on who you ask, there are upward of 10,000 PFAS chemistries that can meet various definitions.