News
VANCOUVER – EMS provider Creation Technologies has acquired Lexington, KY-based SMC Inc. No financial details were disclosed. However, Creation had received $65 million in equity funding in June from Burch Hill Equity Partners.
ST. PETERSBURG, FL — Jabil Circuit Inc. today sold the switching power supply business of its Celetronix Power India Private Ltd. subsidiary to Red Rocket Inc. Financial terms were not disclosed.
The deal includes Celetronix's capital stock, product design and manufacturing operations in Mumbai, India, products and IP. The unit's 105 employees and 550 contract personnel were also included.
The deal includes Celetronix's capital stock, product design and manufacturing operations in Mumbai, India, products and IP. The unit's 105 employees and 550 contract personnel were also included.
Red Rocket also bought the EOS brand of power supply products and related technology.
ELKHART, IN -- CTS Corp. today announced second-quarter revenues of $169.6 million and net earnings of $5.9 million. The company, which also makes components, was boosted by strength for its EMS services.
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