Are the days of the mega-merger over, or are we just about to experience a new wave?

A good case could be made for either. Which we should root for is another matter.

In Europe, GPV’s merger with its slightly larger competitor Enics in late 2022 created a $1.5 billion entity, sending the combined entity barreling up the CIRCUITS ASSEMBLY Top 50 list. Then consider Kontron and Katec, another rollup that now exceeds a billion dollars plus in sales. When it comes to M&A, Europe at least seems to have it “going on.”

Asia isn’t playing second fiddle. China Electronics Corp., one of the mainland’s largest entities, helps underwrite Nanjing Huadong Electronics, which bought top 15 EMS company TPV Technology in a reverse merger in 2021. TPV’s annual revenues are in the $7.5 billion range. That’s serious cabbage.

LOUISVILLE, KY – Sypris Solutions reported revenue of $34.7 million for the fourth quarter, an increase of 14.4% compared to the same quarter in 2022.

SAN LUIS POTOSÍ, MEXICO – Kaga Electronics' factory construction project here will receive a 100 million yen ($660,000) boost from Japan's Ministry of Economy, Trade and Industry as part of its Indo-Pacific and Central-South America Regional Supply Chain Involvement Support Project.

BANNOCKBURN, IL – Sentiment among electronics manufacturers remains positive, with demand reaching the highest level in a year, according to IPC’s March Sentiment of the Global Electronics Manufacturing Supply Chain Report.