Tempo Automation to acquire Advanced Circuits from Compass Diversified for $310m.

Tempo Automation, a software-accelerated electronics manufacturer, agreed to acquire Advanced Circuits, a circuit board manufacturing company, from Compass Diversified, an owner of middle market businesses, for $310m. CODI and the other shareholders will receive $310m, composed of $240m in cash and $70m in common stock. In addition, CODI and the other selling shareholders may receive $30m in additional Tempo common stock within five years. “As a part of this new and expanded platform, we believe we can bolster our leading market position and propel the business into its next phase of growth, and we are confident it will grant us new opportunities to serve our customers with the responsiveness, timely delivery and high-quality custom products they expect from us," John Yacoub, Advanced Circuits CEO.