SAN JOSE -- Two of the largest EMS firms in the world will join forces as No. 2 Flextronics International this morning announced it would acquire No. 3 Solectron Corp. for $3.6 billion in cash and stock.
The combined company will have about 200,000 employees and annual revenue of more than $30 billion, ahead of the current market leader, Hon Hai (Foxconn).
SPRINGFIELD, MA -- In the second largest EMS acquisition of the day, Nu Visions Manufacturing and San Francisco-based private equity firm Golden Gate Capital bought Veritek Manufacturing Services for an undisclosed amount.
San Marcos, CA-based Veritek has plants in San Jose and Longmont, CO.
SPOKANE VALLEY, WA – ACE Production Technologies has acquired all Drop-Jet Spray Head technology and its related products from Castle Controls & Automation.
ACE will offer the flux head as an option on its selective soldering products, and will announce standalone and inline fluxing products in the coming months.