ROHRBACH, GERMANY -- Sero GmbH has signed a purchase agreement for Palm Bay, FL-based Syncron EMS for an undisclosed amount.
The deal between the two electronics manufacturing services providers was inked on Nov. 12, and will give Sero its first plant in the US.
"With this step, we are underlining our international claim to be a reliable EMS production service provider with high-quality standards. We align our further strategic development closely with the needs of our customers." Bernd Welzel, CEO, SERO.
Sero currently employs around 650 workers and has customers in the automotive, medical, and industrial segments. It is owned by DBAG Fund VII, and coupled with its recently acquisition of the Dutch company Semecs, will grow to around 175 million euros (approximately $ 200 million) in sales in 2022 as a result of the Syncron takeover.
Syncron was founded by John Sjolander 13 years ago and has 90 employees and annual revenue of approximately $13 million.
"I am pleased to be able to bring my successful company and the experienced team into the Sero Group and the opportunity to shape the coming years of integration and further expansion here at the Palm Bay location as President of Syncron – Member of Sero EMS."
With the targeted acquisition of Syncron, SERO is now expanding its international presence on the American continent, thereby offering its customers, especially in the automotive sector, important competitive advantages. The closing is subject to the approval of the US regulatory authorities.
Sero purchased Semecs earlier this year. That company has a low-volume EMS plant in Vráble, Slovakia.