US-Based Axiom Electronics Announces Management Buy-Out


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Axiom Electronics LLC announced today the completion of a management buy-out of the company from its former parent Ambitech International of Chatsworth, <?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" />California.<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

"Completing this transaction marks the beginning of an exciting new chapter in Axiom Electronics' fifteen-plus-year history," said Robert Toppel, President of Axiom Electronics. "Regaining our independence will tap the entrepreneurial spirit of Axiom's best-in-class staff. We are very excited to be unencumbered from the past and able to facilitate the success and growth of our customers' business through a combination of strategy, operations and technology prowess, and leadership."

Clients across the country have benefited from Axiom's extensive engineering support and sophisticated manufacturing processes allowing for best-in-class product quality, reliability and reduced time-to-market. Axiom is AS9100B, ISO 9001:2000 and ANSI/ESD S20.20 Certified, UL, FDA and ITAR Registered, and its quality system and practices have received the highest level of endorsement by Fortune 500 OEMs.

Axiom Electronics LLC (http://www.axiomsmt.com) is a leading Electronics Manufacturing Services company founded in 1990 and based in Beaverton, OR. Axiom provides a full spectrum of sophisticated electronic manufacturing services to a wide range of OEMs in the high-reliability military/aerospace, medical, instrumentation, communications, industrial, and computer sectors.

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