Circuits Assembly Online Magazine - Titan Finalizes Nexus Nano Acquisition

DALLAS — A Titan Global Holdings subsidiary has completed the acquisition of the assets of EMS firm Nexus Nano Electronics.

Titan Nexus, a unit of Titan Electronics Group, combines Nexus and Titan Electronics, which include a pair of board shops: Titan PCB East and Titan PCB West.

Nexus had revenues of $12 million and $16 million in the periods ended June 30, 2007 and June 30, 2006, respectively. Nexus has 90 employees in its facilities in Brandon, VT, and Woburn, MA.

With the acquisition, Titan upgraded its fiscal 2008 revenue guidance to $45 million. The firm previously guided for $30 million in revenues.