Scanfil Completes Acquisition of ADCO Circuits
HELSINKI – Scanfil has finalized its acquisition of US-based electronics manufacturer ADCO Circuits after securing approval from American regulators, the company confirmed Wednesday. The deal, first announced in June, marks a major expansion of Scanfil’s presence in the Americas and strengthens its position in the aerospace and defense supply chain – segments that accounted for 37% of ADCO’s 2024 revenue.
ADCO reported $35.2 million in turnover over the trailing twelve months ending Nov. 30. Scanfil said the transaction, valued at $24.7 million for the full enterprise, was financed through existing credit facilities.
ADCO president Marc Damman will retain a 20% ownership stake as the companies integrate operations and pursue new opportunities in high-reliability electronics manufacturing.
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