MILPITAS, CA – Solectron Corp. today purchased the North Reading, MA, PCB assembly operations of Teradyne. The deal is scheduled to close on June 17; the purchase price was not disclosed, although Solectron said it was not material.

 
Solectron said it would use the plant for low volume, high mix operations.

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Solectron will incorporate its Lean Six Sigma capabilities in the operation and focus on customers in the New England area

In a statement, Doug Britt, executive vice president of sales for Solectron, said, “The timing was right for us to expand our NPI and LVHM capabilities to the East Coast, since it is something that our customers have been requesting. This new geography … presents an excellent area of growth and great opportunity for Solectron.”

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