Newtech Holdings completed the acquisition of Craig Electronics from Nova Wildcat Fund.

Newtech Holdings, a consumer products business operator, completed the acquisition of Craig Electronics, a consumer electronics company, from Nova Wildcat Fund, a student-run equity fund. Financial terms were not disclosed. "We are beyond excited to be reacquiring a business that is part of our DNA. We look forward to working closely with our supplier partners to provide the exceptional level of service that our core group of retail customers expect and deserve from us while focusing on the expansion of our e-commerce business platform for additional consumer products," Michael Newman, Newtech CEO.