KALMAR, SWEDEN -- Hoping to expand its business in Europe,
Ethertronics has acquired
Flextronics' design center here for an undisclosed sum.
Under the terms of the agreement, Ethertronics acquired the facility's lab and design center and approximately 10 engineers.
In a statement, Ethertronics president and chief executive Jeffrey
Crosby called the acquisition "a natural fit for our global expansion
plans."
"In addition to being located near key customers and in burgeoning
wireless markets, this acquisition gives us instant access to an
experienced team and well-equipped facility. We look forward to
immediately continuing work on existing projects at the Kalmar facility
and to initiating new deals in the coming months."