AFINUM to acquire GS Swiss from exceet for $113m.

AFINUM, a private equity firm, agreed to acquire GS Swiss, a manufacturer of miniaturized flexible and rigid flex printed circuit boards, from exceet, a firm engaged in intelligent electronics and security technology, for $113m. The completion of the transaction is not subject to any conditions and is expected to occur until 31 December 2021. GS Swiss PCB AG generated revenues of $42m and an operating profit of $11m in the financial year 2021.