TORONTO – Celestica has entered into a definitive agreement to acquire Atrenne Integrated Solutions for $139 million in cash.
Atrenne designs and manufactures ruggedized electromechanical products, primarily for military and commercial aerospace applications. The firm has two US-based, ITAR-certified sites (Brockton, MA, and New Hope, MN), and a site in Xiamen, China.
“This acquisition will advance our strategic direction to expand our capabilities, improve our diversification and bolster our leadership position within Aerospace and Defense,” said Rob Mionis, president and CEO, Celestica. “Our goal is to broaden our comprehensive portfolio of end-to-end product lifecycle solutions across all of the markets we serve to deliver enhanced value to our customers.”
The acquisition is expected to close in the second quarter 2018, subject to receipt of applicable regulatory approvals and satisfaction of other customary closing conditions.