IMI Buys Saturn EMS Assets
LAGUNA, Philippines - Integrated Microelectronics Inc. today acquired the EMS and ODM assets of Saturn Electronics & Engineering Inc. and its subsidiary Saturn Electronics Philippines, Inc.
The transaction includes Saturn facilities in Tustin, CA - a technology and design center (with capabilities for advanced interconnect research, new product design and development, and engineering and manufacturing process development), prototyping and manufacturing facilities. IMI also acquired Saturn's high-volume SMT assembly facilities in Cebu, Philippines.
The sale will not affect any of Saturn's automotive business or non-flexible circuit electronics business.Arthur R. Tan, president and chief executive officer of IMI, called the acquisition a step toward "our goal of expanding our reach in our global target markets, especially in the North American market."
Richard Bell, former sales director of Saturn Tustin, will handle sales of IMI in North America."By leveraging the strengths and complementary capabilities of Saturn Tustin, IMI will pursue global outsourcing opportunities more aggressively," Tan said.
"By leveraging the strengths and complementary capabilities of Saturn Tustin, IMI will pursue global outsourcing opportunities more aggressively," Tan said. Saturn Electronics and Engineering will focus on its core automotive and electronics businesses. Saturn will maintain its global product design and purchasing teams in North America and the Far East.
