| Molex Signs Agreement to Acquire Asian FPC Manufacturer |
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| Written by Philip Buonpastore | |||
| Friday, 09 May 2008 09:26 | |||
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LISLE, IL - Molex, Inc. has announced that it has signed an agreement to acquire a manufacturer of flexible printed circuitry (FPC) based in Asia.
The company expects this transaction to close in Q4 and to increase company revenue by $30 million next fiscal year.Martin Slark, CEO, said that the acquisition of this company will enhance Molex’s ability to provide an extended range of integrated subassemblies to different markets. By the end of fiscal year 2008, he anticipates that the company will be making further acquisitions of this type. Martin goes on to say, "Gains here are coming primarily from higher electronic content and new design winds, especially in the Asia Pacific and Europe regions. Within the markets, the transition from desktop to notebook... is a good long term trend for Molex, because the increased use of small form factor connectors."
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| Last Updated on Tuesday, 13 May 2008 16:54 |
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