CHATSWORTH, CA -- Natel Engineering today announced its acquisition of EPIC Technologies, a deal first reported by CIRCUITS ASSEMBLY on Monday.

Natel was founded in 1975, and has $100 million in annual sales. The company has an aggressive growth strategy, with a goal of reaching $1 billion in revenues within the next decade.

Norwalk, OH-based Epic gets it more than one-third of the way to its goal. The contract electronics assembler has revenues of $250 million.

“We are extremely pleased with the addition of Epic because it strengthens and expands product solutions to include higher-level full system integration capabilities, as well as additional opportunities to reduce costs for our customers through the geographical distribution of our manufacturing locations,” said Natel president and CEO Sudesh Arora in a statement. “Natel's history of strategic acquisitions has enabled us to grow and the acquisition of Epic provides market diversification in the building infrastructure, lighting, transportation and energy industries.”

Natel operates an EMS facility in Chatsworth and thick film operations in Carlsbad, CA, and Carson City, NV. Epic has plants in Norwalk and Mason, OH; Juarez, Mexico; and Timisoara, Romania. As previously reported by CIRCUITS ASSEMBLY, all plants are expected to remain open.

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