American Standard Circuits Completes Asset Acquisition of Camtech Technologies
WEST CHICAGO, IL -- American Standard Circuits has acquired the assets of Scottsdale, AZ-based Camtech Technologies, effective May 1.
Financial and other terms were not disclosed. Camtech founder Joseph Nickerson joins ASC as a vice president.
Nickerson founded Camtech in 2000 as a provider of engineering and EMS supply chain services. ASC and Camtech have been partners for years, the companies said, and both parties said the deal will expand their respective reach.
"The closing of this transaction opens new opportunities for our clients, our people and the Scottsdale, Arizona community in which we work," said Nickerson in a press release. "American Standard is unmatched in the marketplace with global resources and reach. We're excited to join American Standard Circuits and look forward to working together with our new colleagues to deliver the ‘American Standard Experience’ to the world.”
ASC CEO and president Anaya Vardya said, “Camtech Technologies is the one of the finest value-added organizations in the country today. We are extremely pleased to have the company, as well as Joseph Nickerson and his team, as part of the ASC family. By combining our capabilities, we will now be able to offer our customers a complete printed circuit board solution ranging from domestic defense and aerospace products to very competitively priced industrial PCBs from a strong team of off-shore supplier partners.”
ASC chairman Gordhan Patel said, “At ASC, we feel that it is not only our vision, but also our mission, to provide our customers everything they need to be successful. Because we are an independent company, it allows us to make it as very easy for our customers to work with us to achieve these goals. These are exciting times for PCB fabrication and we are pleased to be taking an active role in the industry.”
