CHICAGO -- There were 5 EMS transactions in the second quarter, three of which involved consolidations, says an investment advisory group that tracks the industry.

The other two transactions involved a vertical/horizontal convergence and a sale to private equity investors, Lincoln International said.

Two of the transactions took place in North, one in Europe, and two were cross-border deals.

Mid Tier EMS providers were responsible for three acquisitions, and small tier firms made two deals.

The deals recorded included PKC Group's acquisition of Fortitude Industries (Advanced Transit Manufacturing), American Standard Circuits' acquisition of Camtech Technologies, Pivot International's deal for Avatar Engineering, the purchase of Selcom Elettronica by a pari of investment groups, and IMI's taking of an 80% stake in STI Enterprises.

Register now for PCB West, the Silicon Valley's largest PCB industry trade show: pcbwest.com! Now with full-day electronics assembly tutorials!