Announced
Completed
Financials
Tags
Majority
Private
Single Bidder
remote control
United States
Private Equity
Security Equipment
Friendly
Completed
Domestic
wireless connectivity products
Acquisition
Synopsis
Heritage Growth-backed East West, a manufacturer of industrial products, completed the acquisition of Universal Electronics, a manufacturer and distributor of preprogrammed universal wireless remote controls, wireless keyboards. Financial terms were not disclosed. “UEI has an incredible reputation for putting its customers first and has an established presence in a variety of high-growth sectors such as medical, industrial, telecommunications and defense. This acquisition allows us to offer our customers even greater domestic, higher mix, lower volume, quick turn electronic manufacturing services. Our collective design, manufacturing and supply chain capabilities will enable us to provide even greater levels of service and support to customers on a global basis," Scott Ellyson, East West Co-founder and CEO.
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