The 2020 Mid-Year Economic Update_long

Illinois Tool Works Acquires Vitronics Soltec

Illinois Tool Works Inc., Glenview, IL, has acquired VS Acquisition Holding Inc., the parent company of Vitronics Soltec Corp., Stratham, NH, a global manufacturer of equipment, software and related services used in the soldering of printed circuit boards and the packaging of semiconductor devices.
 
VS Acquisition Holding Inc. will be a wholly owned business unit of ITW and part of the company's existing power systems and electronics businesses. ITW will continue to operate VS Acquisition Holding Inc. as a separate business under the Vitronics Soltec brand name.
 
Vitronics Soltec has affiliates in Oosterhout, Holland and Suzhou, China. Direct sales and support centers are in the U.S., Holland, Germany, Singapore, Malaysia, Korea and Shanghai.
 
ITW is ...

Illinois Tool Works Inc., Glenview, IL, has acquired VS Acquisition Holding Inc., the parent company of Vitronics Soltec Corp., Stratham, NH, a global manufacturer of equipment, software and related services used in the soldering of printed circuit boards and the packaging of semiconductor devices.
 
VS Acquisition Holding Inc. will be a wholly owned business unit of ITW and part of the company’s existing power systems and electronics businesses. ITW will continue to operate VS Acquisition Holding Inc. as a separate business under the Vitronics Soltec brand name.
 
Vitronics Soltec has affiliates in Oosterhout, Holland and Suzhou, China. Direct sales and support centers are in the U.S., Holland, Germany, Singapore, Malaysia, Korea and Shanghai.
 
ITW is a $16.2 billion diversified manufacturer of highly engineered components and industrial systems and consumables.

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.