News
“We aim in the next four to five years to double our revenue to $3 billion, and anticipate a growth rate of 15% to 18% (during that period),” CEO Dean Foate said in a press conference.
Foate said Plexus has invested $79 million in its Penang operations over the past six years, according to a published report in the The Star Online. The site includes three plants and its new Asia Technology Center.
The deal called for Laskentaneliö Ky, Tuomo Honkanen and Rauno Suoniemi to each sell 18% of their holdings to Photonium. Photonium holds an option to purchase the remaining shares within the next three years.
Photonium designs and manufactures lines for optical fiber manufacturing and electronics manufacturing automation.
Akseli Lahtinen designs and manufactures automation products.
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