MORGAN HILL, CA – Prism Electronics has been acquired by FC Group Invest for an undisclosed sum, according to reports.

The co-founders and directors of the electronics manufacturer are retiring, passing ownership to the Swedish-UK investors.

“As part of our succession planning, we wanted to ensure Prism’s future would be in good hands,” said David Aspinall, cofounder and current managing director, Prism Electronics. “We’ve taken our time to identify FC Group Invest as the right people to take the business forward. We’re confident Prism will prosper with the support of FC Group Invest, who have exciting plans for the future. The fact that Prism has continued to grow during a global pandemic is testament to the quality of our services and dedication of our team.”

“My colleagues and I are delighted to have acquired a company with such a highly skilled workforce and first-class reputation,” said Fredrik Johansson, cofounder of FC Group Invest. “Our business plan is about continuity and stability, followed by development and growth.”

Directors David Aspinall, Richard Walton and Richard Vyse will remain with the business during the transition.

Dave Dawson will continue to lead day-to-day operations, working with the new owners.