Global Brands Manufacture to acquire Lincstech from Polaris Capital Group.

Global Brands Manufacture, an electronic component manufacturer, agreed to acquire Lincstech, a manufacturer of printed wire boards, from Polaris Capital Group, a private equity firm. Financial terms were not disclosed. Alongside with ongoing growth initiatives, GBM intends to support Lincstech’s business growth through several initiatives such as expanding the product line by leveraging Lincstech's high-quality technology, building long-term partnerships with PSA Group customers by improving technological capabilities, business expansion in Southeast Asia while addressing geopolitical challenges through collaboration between GBM's Malaysia factory and Lincstech's Singapore factory, and strengthening the Japanese business through collaboration between the two companies' operations in Japan. Polaris decided to transfer its shares with the view that GBM would improve Lincstech's corporate value through these initiatives.