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New Deal


Announced

Tempo Automation to acquire Optimum Design Associates.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Digital Services

Acquisition

Private

printed circuit board designs

Domestic

Pending

United States

electronic design services

Majority

Friendly

Single Bidder

Synopsis

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Tempo Automation, a software-accelerated electronics manufacturer, agreed to acquire Optimum Design Associates, an electronic design services company. Financial terms were not disclosed. “This acquisition will be a significant step toward our vision of transforming the speed and quality of electronics prototyping. As onshore electronics development and manufacturing continues to grow, the need for innovation in the end-to-end automation sector grows as well. Our industry has been fragmented and siloed, so we designed Tempo’s Accelerated Manufacturing Platform as a hub for industry consolidation and vertical integration,” Joy Weiss, Tempo Automation CEO.

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