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ST. PETERSBURG, FL -- Jabil Circuit has exercised an option to acquire all the outstanding stock of Celetronix International Ltd., a privately held electronics manufacturer based in India.

abil loaned $25 million to Celetronix in fiscal 2005 in exchange for an option to purchase 100% of the shares of the company. The incremental purchase price for the acquisition is expected to be approximately $155 million plus the assumption of approximately $30 million of net debt, putting the total cost at $205 million.  Read more ...

WALLINGFORD, CT – Amphenol Corp. reported fourth-quarter 2005 net income of about $200 million while sales rose 26% to $508.1 million.

For the year ended Dec. 31, the company reported sales of $1.81 billion, up 18.3% over a year ago and a new company high.

Fourth quarter results include sales by the former Teradyne Connection Systems of $35 million in December.

Interconnect products – 89% of the company’s overall sales – was up 27% “with excellent profitability,” said Amphenol chairman and CEO Martin H. Loeffler.

The company said growth was broad-based and included all major geographic regions. Growth was especially strong in the mobile device market. Cable products was up 14% over the prior year.

Operating income margin in the quarter was 18.5%, down from 18.8% last year. Excluding the impact of TCS, which in December had operating income margins of 7.5%, the fourth quarter margin was 19.3%. Cash flow from operations was $75 million.

The company guided for 2006 revenues of $2.25 billion to $2.3 billion. For the first quarter it forecast revenues of $535 million to $545 million. The TCS acquisition is expected to be accretive for 2006, but slightly dilutive in the first half.

VANCOUVER – Brio Technology Co., the North American arm of Brio Technology Ltd., a Beijing-based EMS company, will move into a new 130,000 sq. ft. building in next month.

Within the new facility, which spans eight floors, one floor is slated for prototype and preproduction runs.
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