LIVINGSTON, WEST LOTHIAN, UK -- Contract assembler CB Technology has become the latest firm to be acquired by a private equity firm.

Maven Capital Partners purchased the Livingston-based EMS company for £4.5 million as part of a management buy-out. In the wake of the deal, John Cameron has been named managing director and Graham Scott finance director.

CB was founded 1999 as a contract assembler of probe cards for testing semiconductor wafers. It now also serves the oil and gas, industrial and medical industries.

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