SCHAUMBURG, IL – A Sparton Corp. subsidiary has acquired Electronic Manufacturing Technology, a Southern California-based EMS company, in an all-cash transaction.

Electronic Manufacturing Technology is a manufacturer of electromechanical controls and electronics assemblies. Its customers include manufacturers of industrial excimer laser products, laser eye surgery sub-assemblies, target simulators for space and aviation systems, power modules for computerized tomography products, test systems for commercial aerospace OEMs, and toll road antennas and control boxes. It has annual revenues of $25 million.

Sparton expects the new business to be accretive to earnings within the first 12 months. Moreover, the company expects to continue to make strategic acquisitions.

"The addition of eMT meets aspects of our growth strategy by providing Sparton’s entrance into the southern California geographic market, as well as further enhancing our depth and breadth of capabilities within the electromechanical value stream in the highly regulated and demanding markets we serve,” said Cary B. Wood, president and  chief executive of Sparton. “Although this acquisition primarily increases our presence in the Industrial market, it will further diversify our customer base in the medical and mil-aero markets as well.

"As Sparton continues to implement its strategic growth plan, we plan to achieve our growth expectations by focusing on new business development, internal product research and development, and complementary and compatible acquisitions."

The transaction was funded through Sparton’s borrowings under the credit facility currently in place with BMO Harris Bank. No other financial terms were disclosed.

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