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Advanced Circuits to Buy Micom Circuits

Published: 03 May 2016
 by Mike Buetow

AURORA, CO – Advanced Circuits has entered into a definitive agreement to acquire certain assets from Micom Circuits, a printed circuit board fabricator based in New Brighton, MN.

All Micom Circuits personnel will be retained, although financial terms were not disclosed.

Micom Circuits was founded in 1965 and is a supplier to Raytheon, among others. Advanced Circuits said the deal strengthens its position in the complex medical and high-reliability, military/aerospace marketplace.

Micom is privately held, and has estimated annual revenues of less than $10 million.

"This agreement along with acquisitions in recent years solidifies Advanced Circuits investment in the U.S. economy with its commitment to 100% US based manufacturing," Advanced Circuits said in a press release.

Advanced Circuits is North America’s 3rd largest PCB fabricator, with sales of approximately $87.5 million for the year ended Dec. 31.

 

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