Hindley Circuits Buys Fellow UK-Based EMS Magnum Electronics
Published: 13 March 2018
by Mike Buetow
CRAMLINGTON, NORTHUMBERLAND, UK -- Hindley Circuits has acquired Magnum Electronics for an undisclosed sum.
Other details were not disclosed.
Magnum was founded in 2008 by ex TT Electronics technology manager Steve Crosby. It employs 40 workers in Cramlington. Crosby will join Hindley as engineering manager.
“We are delighted by the acquisition of Magnum and especially Steve, a top class electronics specialist I have long admired," Hindley chief executive Richard Whitehead told local media.
Hindley was founded by Whitehead in 2016 in the aftermath of the failure of Opsol, another UK EMS firm. It has annual revenue of of £2.5 million and employs more than 40 staff.
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