GLENVIEW, Ill.
(Map)
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GLENVIEW, Ill., March 28 /PRNewswire-FirstCall/ -- Illinois Tool Works
Inc. (NYSE: ITW) today announced that it has acquired all of the outstanding
shares of VS Acquisition Holding Inc., the parent company of Vitronics Soltec
Corporation, a leading global manufacturer of equipment, software and related
services used in the soldering of printed circuit boards and the packaging of
semiconductor devices. Terms of the transaction were not disclosed.
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 Corporation is based in Stratham, New Hampshire, with
affiliates in Oosterhout, Holland and Suzhou, China. Direct sales and support
centers are located in the United States, Holland, Germany, Singapore,
Malaysia, Korea and Shanghai.
ITW is a $16.2 billion in revenues diversified manufacturer of highly
engineered components and industrial systems and consumables. The company
consists of approximately 825 business units in 52 countries and employs some
60,000 people.
To learn more, please visit http://www.vitronics-soltec.com or
http://www.itw.com.
