Fabrinet Acquires UK's Exception EMS


Reading time ( words)

Fabrinet today announced its entry into the European EMS market through the acquisition of Exception Global CEM Solutions Ltd. (Exception EMS), located in Wiltshire, United Kingdom, which was completed today.

Exception EMS, founded in 2005, provides contract electronics manufacturing services to the global electronics industry with innovative solutions, adding value to the design, manufacture and testing of printed circuit board assemblies. Its customers include industrial, energy, aerospace and defense companies, with approximately 80% of its revenue derived from customers in Europe.

“Fabrinet has enjoyed exceptional growth over the past several years, primarily with customers in the U.S. and Japan, and there are tremendous opportunities for growing our business in Europe,” noted Tom Mitchell, Chairman and CEO of Fabrinet. “With this acquisition, we are establishing a strong foothold in Europe, which will allow us to grow our business with European customers, and give them access to our advanced low-cost manufacturing services in Thailand, particularly in our new facility in Chonburi that is coming on-line and ramping in the next several months.”

In February 2015, Fabrinet established Fabrinet West, Inc., a new product introduction (NPI) center in Santa Clara, California, to better serve its U.S. customers with advanced NPI services, particularly those in Silicon Valley. With the acquisition of Exception EMS, Fabrinet will now provide the same advanced NPI services to European customers, along with the low-volume manufacturing services Exception EMS provided historically. Going forward, as NPI projects in Fabrinet West and Exceptions EMS transition to volume manufacturing, these intra-company relationships will facilitate the transfer of the volume manufacturing to Fabrinet’s Thailand facilities.

Total consideration for the transaction was approximately $13.5 million in cash. Fabrinet anticipates that the transaction will have an immaterial impact on revenue and net income in the first quarter of fiscal 2017. The Company will provide additional details on the transaction’s financial impact during its first quarter fiscal 2017 conference call.

About Fabrinet

Fabrinet is a leading provider of advanced optical packaging and precision optical, electro-mechanical, and electronic manufacturing services to original equipment manufacturers of complex products, such as optical communication components, modules and subsystems, industrial lasers and sensors. Fabrinet offers a broad range of advanced optical and electro-mechanical capabilities across the entire manufacturing process, including process design and engineering, supply chain management, manufacturing, advanced packaging, integration, final assembly and test. Fabrinet focuses on production of high complexity products in any mix and volume. Fabrinet maintains engineering and manufacturing resources and facilities in Thailand, the United States of America, the People’s Republic of China, and now in the United Kingdom.     

Share

Print


Suggested Items

This Month in SMT007 Magazine: Exclusive Interview With Burt Rutan, Aerospace Legend

04/03/2020 | I-Connect007 Editorial Team
If you follow advancements in aerospace technologies and expeditions, then you know the name Burt Rutan. Described by Newsweek as “the man responsible for more innovations in modern aviation than any living engineer,” Rutan is a bold visionary with a passion for the advancement of technology, who has designed 46 aircraft throughout his career. Following his IPC APEX EXPO keynote presentation, Rutan stopped by the I-Connect007 booth and shared his thoughts on a wide variety of topics.

IPC APEX EXPO 2020 Attendees Speak: Travis Smith and Mindy Sanchez

03/16/2020 | I-Connect007 Editorial Team
"I’m seeing a lot of great manufacturers and different equipment that’s available in the market, as well as new, emerging technologies," said Travis Smith of Ball Aerospace. "I’m learning a lot more about some of IPC’s standards and committees as well. It has been a fantastic week of educating ourselves for manufacturing processes going forward. And the IPC booth has a wealth of information."

Stencils: Not As Simple As They Seem

02/26/2020 | I-Connect007 Editorial Team
Stephanie Hardin of Integrated Ideas and Technologies Inc. discusses her role in the supply chain as a stencil manufacturer, improvements she sees from micromachined step stencils, and why she believes trying to have standardized stencil layouts is wishful thinking due to the many fluctuating variables.



Copyright © 2020 I-Connect007. All rights reserved.