Connector Products News

Freudenberg acquires Vector Technology Group

Freudenberg Oil & Gas expands its position and expertise in the upstream segment of the oil and gas market with innovator in offshore sealing solutions. Freudenberg Oil & Gas announced that on January 11, 2013, 100% of the shares of Vector Technology Group, a major global supplier of high integrity sealing solutions for the oil and gas industry, were acquired by parent company Freudenberg Group, headquartered in Weinheim, Germany. The shares were acquired from the private equity firm HitecVision headquartered in Stavanger, Norway.

Northrop Grumman Restructures Several Business Areas

Northrop Grumman Corporation has announced several organizational changes and associated executive-level appointments within its Electronic Systems sector. These changes will better position the sector for future business opportunities. “This reorganization will enable us to better focus sector resources on targeted business growth areas, while maximizing the use of executive leadership strengths, especially in such areas as military intelligence, space sensors, naval and marine systems and process and program management,” said Robert P. Iorizzo, president of the Electronic Systems sector. • George W. • Taylor W. • John V. • Robert W. • James L. • John C. • Charles J. • Thomas F. Kline, sector director, Quality Assurance. George W.