Francisco Partners Buys Vitronics, Universal Instruments Print E-mail
User Rating: / 0
Written by Mike Buetow   
Wednesday, 30 August 2006 06:02
NEW YORK -- Private equity firm Francisco Partners has purchased Vitronics and Universal Instruments, Circuits Assembly has learned.

An announcement is expected later today. Terms were not disclosed and the transaction is subject to normal closing conditions and regulatory approval.

Privately held Francisco focuses on investments in technology and related services businesses.

Last night, the firm has signed a definitive agreement with Dover Technologies International, a subsidiary of Dover Corp., to acquire several Dover units, including Vitronics Soltec, a leading supplier of soldering technology for the electronics manufacturing and assembly industries, and placement equipment OEM Universal Instruments.

The deal also includes Unovis, the newly created unit that encompasses the SMT process lab and semiconductor equipment lines of Universal and the
feeder lines of Hover-Davis.

The units will continue to operate under current management team and strategies.
Vitronics Soltec
president Erik Tobiason said, "We are enthusiastic about becoming a member of the Francisco Partners portfolio. Throughout our discussions, I have been impressed with Francisco Partners deep industry knowledge, management expertise and extensive relationships in the technology sector, as well as their focus on long term strategy, which is in line with the philosophy that has grown our company to be a world leader in soldering technology. We are looking forward to prospering together as our vibrant company moves ahead. I am confident Francisco will be an excellent partner and enabler."

Universal Instruments president Jeroen Schmits said, “I am delighted at the opportunity to work with a respected firm like Francisco Partners. Francisco is a company that understands and accepts the cyclical market environments in which Universal operates. Under this new and promising ownership, we will maintain our intense investment schedule and manufacturing facilities in Binghamton, New York, and in Shekou, China. We will soon introduce new platform models that extend our product lines and support further growth.

Francisco is active across a broad range of technology sectors, including semiconductors and capital equipment, electronics components and manufacturing, IT services and business process outsourcing, communications, security, and application and infrastructure software. It has approximately $5 billion in capital and concentrates on investments up to $500 million.

Francisco also owns C-MAC and SMART Modular Technologies.

Last Updated on Wednesday, 30 August 2006 09:28


Eastern-US: China’s New Competitor?

Parity emerges among EMS Factories from Asia, Mexico and the US.

For the first time in years we see parity in the Eastern US among EMS factories from Asia, Mexico and the US. This EMS market condition will permit American OEMs (the EMS industry refers to OEMs as customers) to have more EMS pathways to choose from. Now more than ever, such EMS assignments will require deeper investigation relating to the OEMs’ evaluation of manufacturing strategies.

The Human Touch

For those who count on the electronics industry for big feats, it’s been a remarkable couple of years.



Advances in Concentration Monitoring and Closed-Loop Control

Contaminated bath water skews refractive index results. New technology can accurately measure aqueous cleaning agent concentration.

Circuits Disassembly: Materials Characterization and Failure Analysis

A systematic approach to nonconventional methods of encapsulant removal.





CB Login



English French German Italian Portuguese Russian Spanish


Panasonic Debuts PanaCIM Maintenance with Augmented Reality
PanaCIM Maintenance with Augmented Reality software provides instant communication and information to factory technicians -- when and where it is needed -- so they can respond to factory needs more...