Sivers IMA Acquires CST Global for $16 Million USD

first_imgSivers IMA has reached an agreement to acquire all shares in CST Global for approx. $16 Million. With a specific expertise in Optical Communication, CST Global boasts of a wide presence in the telecommunications, fiber, industry, defense and health sectors market. The company’s operations generated revenues of approximately 40 MSEK ($4.7 Million) for the fiscal year 2016 with a negative EBIT of approximately 8 MSEK (0.9$ Million). CST Global will be run as a division within the Sivers IMA group and is expects to have a positive EBIT for the full year 2017. CST Global’s preliminary numbers show a growth in revenue in the first quarter of 2017 compared to the same period last year by approximately 47 percent.Known for its high-performance technical solutions and wafer fabrication of III-V-based optical products, CST Global offers products which are very important for passive optical network (PON), used for “Fiber-to-the-home” and “Fiber-to-the-office”. The market for broadband is showing strong growth and the technologies that are being developed to meet this demand are WiGig, 5G and fiber. In addition to interesting XPON / GPON products that are focused on broadband, CST Global last year developed products focused on data communication that deliver cutting edge solutions for the data center market and the Metro haul market and are based on 100 Gbps optical lasers. With the acquisition of CST Global, Sivers IMA will be able to deliver solutions within all these technologies at the same time.last_img read more

Akron RubberDucks OF Tyler Krieger Currently on 22-Game Hit Streak in AA

first_imgDuring the 2015 MLB Draft, the Cleveland Indians selected Tyler Krieger in the 4th round from Clemson.So far in the 2018 season, Krieger has played in 92 games, has a batting average of .266, 18 doubles, 1 triple, 5 home runs, has driven in 37 runs, 16 stolen bases (caught 6 times), and has struck out 65 times.During his current 22 game hit streak, the RubberDucks outfielder has got 34 hits in his last 90 at-bats (giving him a batting average of .378), scored 12 runs, 7 doubles, 1 triple, 0 homers, 14 runs batted in, 1 walk, and 4 stolen bases.It will be some time before you see Tyler Krieger in the big leagues but hit streaks are always fun to monitor.On this day two years ago, former Indians top prospect Francisco Mejia was on game 41 of his 50 game hit streak. Payton Vince Payton Vince is either talking about sports or watching sports. He covers sports for Metro Networks and is also a writer for LastWordOnSports.com. He grew up in Brooklyn Heights,Ohio for most of his life then around senior year of high school moved to Cleveland. A fan of the Cleveland Indians, Cavaliers, and a Pittsburgh Steelers, he graduated from Cuyahoga Heights High School (Class of 2014) and also graduated from the Ohio Center for Broadcasting in 2015. He bowled and played baseball in high school, and is a huge fan of independent wrestling and WWE, and can almost always find him at an independent show. Lastly, Payton is a backstage interviewer for Mega Championship Wrestling in Elyria, and is one of the three on ‘That Sports Show’ which airs daily from 2-4pm on AllSportsCleveland.com.center_img Related Topics2015 MLB DraftAkron RubberDucksCleveland IndiansFrancisco MejiaTyler Kriegerlast_img read more