Jabil Sells Indian Power Supply Subsidiary
Published: 01 August 2007
by Mike Buetow
ST. PETERSBURG, FL — Jabil Circuit Inc. today sold the switching power supply business of its Celetronix Power India Private Ltd. subsidiary to Red Rocket Inc. Financial terms were not disclosed.
The deal includes Celetronix's capital stock, product design and manufacturing operations in Mumbai, India, products and IP. The unit's 105 employees and 550 contract personnel were also included.
The deal includes Celetronix's capital stock, product design and manufacturing operations in Mumbai, India, products and IP. The unit's 105 employees and 550 contract personnel were also included.
Red Rocket also bought the EOS brand of power supply products and related technology.
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