Celestica Reaffirms Health-Care, Solar Interest
TORONTO -- Celestica's improving financial position will allow it to move ahead on plans to add to its health-care and "green" business segments, the company's CEO said.
The world's fourth largest electronics manufacturing services provider told Reuters it plans to close on two acquisitions by year-end, each worth as much as $100 million.
The firm also told Reuters that it sees the Ontario government as a potential customer for solar and other alternative energy solutions. Chief executive Craig Muhlhauser indicated the products could include solar panels, inverters, energy management equipment and smart grid technology.
The EMS firm forecasts 6 to 8% sales growth in 2010. It posted net earnings of nearly $26 million in its recently completed first quarter.
