TORONTO – Celestica has completed its previously announced acquisition of EMS provider PCI Private Ltd.

With the acquisition, Celestica gains five design and manufacturing centers in Asia.

The acquisition was financed with cash on hand and available borrowings of $220 million under Celestica’s current credit facility. Celestica seeks the addition of a new term loan under the credit facility to repay the amount borrowed under the existing revolver for the acquisition.

PCI is expected to generate revenue of approximately $325 million in 2021.

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