Palomar's Management Buys Out Original Investment Group

July 31, 2008
The management of precision-automation-equipment supplier Palomar Technologies has bought out the company from its original investors. That original investment group, which spun the company out of Los-Angeles-based Hughes Aircraft Company in 1995, ...

The management of precision-automation-equipment supplier Palomar Technologies has bought out the company from its original investors. That original investment group, which spun the company out of Los-Angeles-based Hughes Aircraft Company in 1995, foresaw the growing importance of contract manufacturing and automated assembly equipment and recognized the opportunity for developing high-performance machinery to speed electronic assembly.

The company is now owned by local management, which has been with the company for many years. As Bruce Hueners, president and chief executive officer (CEO) of Palomar explains, "This is a very positive step forward for Palomar. We are financially self-sufficient with an awesome team of employees and the latest technologies in precision interconnect for microelectronic assembly. All of our current operations, products, and services will continue unchanged, so there will be no effect on our customers worldwide. Going forward, having local ownership will enable us to act quickly to take advantage of opportunities in our space."

Palomar is one of the world's leading suppliers of automated wire bonders and component placement systems along with process development and contract assembly services.

Sponsored Recommendations

Frequency Modulation Fundamentals

March 14, 2024
The development of crystal-clear FM communications was an innovation of genius and toil. Utilized today in applications such as radar, seismology, telemetry and two-way radios...

44 GHz Programmable Signal Generator

March 14, 2024
The Mini-Circuits SSG-44G-RC is a 0.1 to 44 GHz signal source with an RF output range of -40 to +17 dBm with fine resolution. This model supports CW and pulsed (? 0.5 ?s) outputs...

Webinar: Introduction to OTA Measurement for mmWave and Sub-THz

Feb. 19, 2024
Join Jeanmarc Laurent, a leading expert from MilliBox, for an exclusive live webinar showcasing a complete Over-the-Air (OTA) testing system setup. In this immersive session, ...

Using a CMT VNA with Socket Server

Feb. 19, 2024
This application note describes use of a software application CMT Socket Server which is distributed and supported by Aphena Ltd. Please email [email protected] regarding purchase...