caLogo

ANAHEIM, CA – Summit Interconnect today announced the acquisition of printed circuit board fabricator Royal Circuit Solutions and its assembly affiliate Advanced Assembly for an undisclosed sum.

The deal includes Royal Circuit's operations in Hollister and Santa Ana, California, and the Advanced Assembly EMS site in Aurora, Colorado.

The acquisition expands Summit’s PCB offering in rigid, flex, rigid/flex and ATE PCBs, significantly strengthens engineering and service resources providing CAM, DFM/A, PCB design/layout, and also adds quickturn, prototype SMT assembly services.

The move solidifies Summit’s position as the largest privately owned PCB manufacturer in North America, based on PCD&F estimates, with a footprint that will now encompass eight manufacturing facilities. PCD&F estimates the acquisition brings Summit's revenues to at least $200 million a year.

The deal also significantly broadens the scope of Summit’s product offering while expanding the company’s business portfolio of key customers and end-markets.

In a press release, Summit said the combined company "provides best-in-industry use of software applications that integrate and automate engineering, stack ups, quoting, production management and customer interface. This highly developed platform will significantly improve speed and service to our valued customers."

“This combination aligns the Royal and Advanced quickturn, vertically integrated model with Summit’s differentiated production capabilities," said Shane Whiteside, president and CEO, Summit Interconnect. "Each entity brings capabilities to the Summit portfolio that will further strengthen our ability to serve our customers in both high-performance commercial and defense markets, as well as broaden our relationships into additional sectors. This is a very exciting milestone for Summit, Royal Circuits and Advanced Assembly and we welcome our new employees to the Summit team.”

Milan Shah, owner and CEO, Royal Circuits, added, “We are very excited to align ourselves with the tremendous team at Summit and bring our automated software-powered approach to the Summit organization. Together, we will continue to build and scale a world-class company delivering technology solutions to solve the most complex printed circuit board challenges across all end markets.”

Summit, which ranks only behind TTM Technologies among PCB fabricators in terms of US-based revenues, now has facilities in California, Illinois, Colorado and Toronto, Canada.

Submit to FacebookSubmit to Google PlusSubmit to TwitterSubmit to LinkedInPrint Article
Don't have an account yet? Register Now!

Sign in to your account