Unicorn Acquires Victron for $70M PDF Print E-mail
Written by Mike Buetow   
Monday, 14 January 2008 05:47
MANAMA, BAHRAIN – An investment group on this Indian Ocean island nation has purchased a majority stake in EMS provider Victron.
 
Unicorn Investment Bank invested $70 million to acquire an 80% equity stake in the Fremont, CA-based EMS company. Its management team is expected to stay on.

"Victron combines strong execution capabilities with highly-flexible operations, resulting in a unique and highly-competitive business model," said Unicorn global private equity managing director Aamir Khan, in a statement.


Victron has a 130,000 sq. ft. manufacturing plant in Fremont.


"Our partnership with Unicorn will allow us to further leverage our core competencies to serve the growing number of companies with high-mix electronics needs," said Victron president Chris Lee. "We are excited at the opportunity of working with Unicorn's team to explore international expansion opportunities."

Last Updated on Monday, 14 January 2008 08:42
 

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