Keywords
Citation
(2000), "ESEC and Juki Automation Systems sign agreement on transfer of CBA business", Soldering & Surface Mount Technology, Vol. 12 No. 1. https://doi.org/10.1108/ssmt.2000.21912aab.034
Publisher
:Emerald Group Publishing Limited
Copyright © 2000, MCB UP Limited
ESEC and Juki Automation Systems sign agreement on transfer of CBA business
ESEC and Juki Automation Systems sign agreement on transfer of CBA business
Keywords: ESEC, Juki Automation Systems
An agreement has been signed by ESEC Group based in Cham, Switzerland and Juki Automation Systems Holding, Inc. (JAS), a company based in Raleigh, North Carolina for the sale of the assets of ESEC's Zevatech Circuit Board Assembly (CBA) Division.
The agreement between the two companies confirmed a closing date of 1 November 1999 or sooner for the transfer of the business. It is the intention of both ESEC and JAS to make the transition as seamless as possible. JAS anticipates few changes in Zevatech personnel in both Europe and North America. The company will handle the support and assume the existing warranties of the extensive Zevatech installed base of SMT systems in the marketplace and will offer employment to the majority of the existing Zevatech employees.
JAS is being directed by Gary Burroughs, who was appointed president several months ago when the company was formed. Gary has 14 years of experience in the electronics industry, most recently with Cookson's Speedline Technologies Division where he was vice president of the Semiconductor Products Group and Global Corporate Accounts. Prior to his employment at Cookson, Gary was employed at Quad Systems where he was the vice president of sales. Gary will be supported by Steve Vickers, who will be president of the European Division of JAS, and will run the day-to-day business operations for the company in Europe. Mr Vickers is a current employee of Zevatech. Previously, he was employed by Universal Instruments in Binghamton, NY, and brings broad industry experience to JAS.
JAS will sell, service, and support surface mount and semiconductor assembly systems manufactured by Juki Corporation, Tokyo, Japan. Juki has made a long-term commitment to JAS to distribute the equipment under the Juki name in the Americas and in Europe. Juki sells its equipment direct in Asia.
The terms of the agreement enable JAS to continue to use the Zevatech name during the transition phase while existing inventories are sold and the market is further informed of the business transfer.