SIEVI, FINLAND – Scanfil is acquiring 80% of US-based ADCO Circuits, a move aimed at strengthening its position in the Americas and the aerospace & defense sector, according to a company announcement released June 10.

The deal puts the enterprise value of ADCO at $25 million, with Scanfil expected to pay $15.5 million (EUR 13.6 million) for the 80% stake. ADCO's production facility is excluded from the transaction.

ADCO had 2024 sales of about $40 million (EUR 30.6 million), EBIT of $4 million and EBIT margin of 11.4%.
Located in the Greater Detroit area, ADCO generates 37% of its revenue from Aerospace & Defense clients and provides complex electronics and box-build manufacturing. The company’s high mix, low-to-medium volume production model aligns with Scanfil’s existing capabilities. Its proprietary ADCOproto platform, will also be integrated into Scanfil’s service portfolio.

“This acquisition allows us to significantly expand our footprint in the USA and the aerospace & defense industry,” said Christophe Sut, CEO, Scanfil. “Combined with our investments in the Atlanta plant, we can more than double our turnover in the Americas.”

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