Semtronics sold to Desco Industries

Desco Industries, Inc. of Chino, California, and OK International Inc, a Menlo Park, CA based subsidiary of Dover Corporation, have announced that they have finalised an agreement for the sale to Desco of all assets of Semtronics, OK International’s "ESD" division. Under the terms of the agreement, Desco will acquire all existing inventory, tools and equipment pertaining to the range of ESD products and accessories and will have the right to market these under the Semtronics name and brand as well as its own name and brand. Desco has also acquired the right to use the logo, trademarks and "URL" of Semtronics. Desco believes that the acquisition of Semtronics will enhance its existing product offering and enable it to better meet the needs of its existing customers, as well as those of OK International.The agreement also provides OK International the opportunity to purchase from Desco its requirements for ESD and other products previously sold by Semtronics, in order to satisfy certain customers in Asia and Europe. Source: PCBnewsline