Celestica to acquire PCI from Platinum Equity for $306m.

Celestica, a provider of design, manufacturing and supply chain solutions, agreed to acquire PCI, an electronics manufacturing services provider based in Singapore, from Platinum Equity, a private equity firm, for $306m. "We are pleased to join forces with PCI, an engineering-led business that is aligned with our strategic objectives. This acquisition is intended to help us to further diversify our customer base and expand our ATS portfolio with high-growth programs. PCI is also expected to add strong annual revenue and cash flow generation that enhances our financial profile and outlook for 2022 and beyond. We believe that today, Celestica is as strong as it has ever been – both operationally and financially – and we are confident that PCI will help us build on our momentum and continue to generate significant value for all Celestica shareholders," Rob Mionis, Celestica President and CEO.