TORONTO – A previously announced transaction that makes SMTC Corp. a private company has been completed.

H.I.G. Capital invested in SMTC after approval from SMTC stockholders Mar. 31. As a result of the completion of the transaction, SMTC stockholders will receive $6.044 per share in cash, and SMTC’s common stock will cease trading on the Nasdaq exchange.

“With the completion of H.I.G.’s investment in SMTC, we are better positioned to execute our strategy to expand our integrated manufacturing service capabilities for our customers. As a private company, SMTC will have greater access to resources to invest in the high-growth markets with high-quality, innovative solutions and services,” said Ed Smith, who will continue as president and CEO of SMTC.

“We are excited to help SMTC achieve its full potential as a private and independent company by supporting Eddie Smith and his team as they build a stronger customer-focused EMS platform,” said Phillip Wood-Smith, managing director of H.I.G.

PCB EAST: The original East Coast technical conference and exhibition! Returning to the Boston suburbs in June 2021! 

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