Announced
Financials
Tags
Cross Border
United States
Single Bidder
Acquisition
electronic manufacturing
Pending
Electronic Components and Equipment
Majority
Private
Friendly
Synopsis
Creation Technologies, an EMS supplier, agreed to acquire a majority stake in IEC Electronics, a provider of electronic manufacturing services, for $173.8m. “A combination of IEC and Creation creates a leading medium volume, high-reliability electronics manufacturer with a customer service driven culture. Furthermore, IEC and Creation’s complementary geographic footprints create a premier full-service North American supply chain for both companies’ customers," Stephen DeFalco, Creation Chairman and CEO.
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