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Hialeah, Fla. — Techdyne Inc. has acquired AG Technologies Inc., an international, value-added provider of comprehensive electronic manufacturing services (EMS), with facilities in the United States and Matamoros, Mexico, as well as extensive manufacturing and design relationships in Asia.
AG Technologies is a private company, with sales of $11 million in 2002. Most of these sales were generated through their 40,000 sq ft facility in Matamoros. Techdyne acquired all of the outstanding shares of AG Technologies for a net purchase price of $1.6 million in cash, plus additional contingent consideration of up to $1.3 million, payable over a three-year period based upon achievement of target sales levels during that period.
Techdyne Inc., with four U.S. manufacturing locations, has been engaged in contract manufacturing of electronic and electromechanical products for OEMs for 27 years. For more information, visit www.tcdn.com.