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TCL Group Buys GSPK Circuits Ltd. |
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Written by Kathy Nargi-Toth
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Monday, 31 March 2008 |
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NORTH YORKSHIRE, ENGLAND - TCL Group has acquired the majority share of GSPK Circuits Ltd. The terms were not disclosed.
This action strengthens the combined companies’ position in the marketplace. As a result of the sale, the new joined companies will be one of the top three PCB suppliers in the UK.
This acquisition compliments the existing PCB capabilities of the TCL group. The TCL group provides volume Far East supply through Daleba Electronics Ltd, and thermal circuit manufacturing through DK Thermal Ltd. The development of the GSPK/TCL relationship can provide an excellent fit and job security in what is a very difficult marketplace.
Graham Keddie OBE, former Chairman of GSPK Circuits said – “We have high hopes for the future and are envisaging great synergies between all parties concerned. This unprecedented move will unequivocally strengthen market position. I am very pleased with the outcome as this development will provide a broader product offering and scope for further market development.”
Director of the TCL Group and new Chairman of GSPK Circuits - Andrew Grisbrooke said – “We see this acquisition as a major step forward in our mission to be the UK’s number one specialist PCB supplier and in further developing our European presence.”
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