Asteelflash Acquires EN ElectronicNetwork, Nears $1B in Revenue PDF Print E-mail
Written by Mike Buetow   
Monday, 27 August 2012 13:44

PARIS -- Asteelflash will acquire EN ElectronicNetwork for an undisclosed sum, creating Europe's second-largest EMS with  pro forma revenues of almost $1 billion.

AsteelFlash already is a Top 20 electronics manufacturing services company, with revenue of $780 million in 2011.

ElectronicNetwork is Germany’s second-largest EMS, behind Zollner, and had revenue of $181 million in 2011. The company has 700 employees across eight plants in Germany, the Czech Republic, and Romania. It focuses on the industrial, defense and aerospace, medical and automotive end-markets.

“We greatly value customer service and wish to maintain a close relationship between our clients and our plants in order to provide best solutions for design, engineering and manufacturing, said Gilles Benhamou, president and CEO of Asteelflash. "Our ambition is to become Europe's [No. 1] EMS.”

Asteelflash has 23 manufacturing sites in Europe, Asia, Africa and North America and has 5,700 employees.


blog comments powered by Disqus
 

Columns

Semblant Warms to New Fluoroolymer Conformal Coating

Months after hinting at a new conformal coating during a paper session at SMTA International, Semblant has officially launched PlasmaShield. CIRCUITS ASSEMBLY editor in chief Mike Buetow spoke with vice president of worldwide sales and marketing Steve McClure last week.

Read more...
 
ECTC in Las Vegas

What happens in Las Vegas at ECTC, doesn’t stay in Las Vegas, it is shared here.

This year’s ECTC, or electronics components technology conference, was held in Las Vegas’ Cosmopolitan, May 28-31.

Read more...
 

Features

The Impact of Reel Splicing Kits on Setup and Changeover

Traditional feeder setup using tape-and-reel can drain time. There’s a quick and better way.

Read more...
 
Standard Solar Cells vs. Next-Gen Cells: Which is Winning?

Overcapacity is stalling the rate of improvement, but only for so long.

Read more...
 

Search

Search

Login

CB Login

Language

Language

English French German Italian Portuguese Russian Spanish
 

Products

GÖPEL Upgrades TOM AOI for Conformal Coatings
TOM system (Teachable Optical Measurement) inline AOI has been enhanced for inspection of conformal coating Maximum PCB size 460 x 400mm. Can be adjusted to specific test requirements. Range of...