MAPLE GROVE, MN – A subsidiary of HSIO Technologies has acquired the former HEI Circuit Fabrication operations in Tempe, AZ.
The deal, which closed Dec. 14 but not announced until today, involved HSIO Circuit Technologies, a wholly owned subsidiary of HSIO Technologies, buying the site, now owned by Cochlear, which picked it up a year ago.
The Tempe operation was a leading supplier of rigid-flex, flex circuit and rigid PCBs. It was acquired by Sydney, Australia-based Cochlear early last year through bankruptcy proceedings of the parent HEI, Inc. of Victoria, MN.
The operation will continue production as an ongoing concern and introduce enhanced and expanded capability in 2016 under the HSIO Circuit Technologies operating unit, the firm said in a press release.
For HSIO, it marks the second acquisition in the PCB space in the past four years. In 2012, it bought the assets of R&D Interconnect Solutions.