HIALEAH, FL -- EMS provider
Simclar Inc. will buy
Northrop Grumman's Litton Interconnect Technologies assembly business in the U.S. for $28 million. Simclar Inc.'s parent company has agreed to acquire certain assets of the
Litton assembly businesses in the U.K. and
China through its subsidiary Simclar Interconnect Technologies Ltd.
Simclar Inc. will pay $16 million for Litton's business in
Springfield, MO. The unit will be renamed
Simclar Interconnect Technologies
Inc.
The total purchase price for the assets is $28 million.
As the transaction includes the acquisition of a Chinese company, it
is conditional upon approval by the relevant authorities in China. Approval is expected within 60 days.
Litton Interconnect Technologies supplies backplane interconnects.
Simclar Inc., a unit of Simclar Group Ltd., has six North American manufacturing locations.