ST. PETERSBURG, FL – Jabil Circuit today said it has acquired three of its former operations in France and Italy, which were divested in July 2010.

Jabil will establish operations at the sites following multiple breaches by the purchaser, including their diversion of funds that were designated as working capital.

Jabil currently expects to take a one-time charge of $25 million to $40 million to US GAAP earnings in its fiscal second quarter of 2011. This charge is principally the write-off of working capital loans for the operations and other expenses associated with the transaction.

Apart from aforementioned charges, the company reaffirmed its guidance for the second quarter.