Announced
Completed
Financials
Tags
Majority
Friendly
Acquisition
Private
flexible printed circuits
Electrical Components
Single Bidder
printed canvases
France
ems
Cross Border
Completed
Synopsis
Universal Scientific Industrial, an electronics designer, and manufacturer completed the acquisition of Asteelflash, an electronics manufacturing service company for $450m, of which 89.6% is paid in cash, 10.4% is paid by issuing shares of USI. "This is a new milestone for Asteelflash and we are excited to join the USI family. USI and Asteelflash's respective know-how will help us grow together, being more influential in an increasingly competitive marketplace. Together, we will broaden our capabilities, resources, and expertise to create new opportunities and serve our customers' stringent needs with the highest level of quality," Gilles Benhamou, Asteelflash CEO.
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