Learning with Leo: Drones—Meeting Demand Without Compromise
Nolan’s Notes: Our Spotlight on North America
Global Sourcing Spotlight: Building a Supply Chain That Bends, Not Breaks
Cemtrex Enters Into Agreement to Acquire Electronics Manufacturer
November 1, 2016 | Globe NewswireEstimated reading time: 2 minutes
Cemtrex Inc. has entered into a Letter of Intent to acquire a Silicon Valley-based electronic manufacturing services (EMS) firm focused on the semiconductor industry, as well as OEMs in the medical, industrial, telecommunications industries. The EMS company has averaged $7 million in annual revenues over the last two years. It also has an office in India to support the engineering and prototype development and operational activities.
This acquisition would be Cemtrex’s first foray into the US electronics manufacturing market and fulfills multiple strategic objectives for the company. Cemtrex already has an established manufacturing base in Europe with two locations in the premium German market and one site in the low cost Romanian market. With this new acquisition, Cemtrex can offer its existing clients, who are typically global players, much needed manufacturing support and solutions in the US market.
Additionally, the acquisition sets the stage for Cemtrex’s expansion into Asian markets down the road for manufacturing solutions with the new Indian location. Establishing a presence in Silicon Valley is also one of the most compelling places to offer electronic manufacturing services as the region has been booming with new hardware and software development attributed to new trends in wearable technology, “Internet of Things” devices, drones, and robotics. Cemtrex will look to capitalize on this growth and focus on working with innovative startups and entrepreneurs in developing disruptive products.
Cemtrex’s Chairman and CEO, Saagar Govil, commented on the acquisition news, “This pending acquisition is a strategic milestone in our effort to strengthen our electronics manufacturing solutions business. Silicon Valley is exactly where we want to be as we know the opportunities for our products and services will be in high demand long into the future. With this deal we will also be acquiring a support office in India which will allow us to leverage low cost engineering and administrative support to be competitive globally.”
The terms of the deal and the name of the Target was not disclosed due to confidentiality reasons. The transaction is expected to close before December 31, 2016.
About Cemtrex
Cemtrex Inc. (NASDAQ:CETX) is a global, diversified industrial and manufacturing company that provides a wide array of solutions to meet today's technology challenges and is rapidly growing through acquisitions. Cemtrex provides: manufacturing services of advanced custom engineered electronics, industrial contracting services, monitoring instruments for industrial processes and environmental compliance, and equipment for controlling particulates, hazardous pollutants, and Greenhouse gases used in carbon trading globally. For more information, click here.
Share on:
Testimonial
"In a year when every marketing dollar mattered, I chose to keep I-Connect007 in our 2025 plan. Their commitment to high-quality, insightful content aligns with Koh Young’s values and helps readers navigate a changing industry. "
Brent Fischthal - Koh YoungSuggested Items
A Necessary Shift From Gerber to IPC-2581
05/07/2026 | Tracy Riggan, Global Electronics AssociationIPC-2581 is an open, vendor-neutral data exchange standard developed by the Global Electronics Association to streamline the exchange of PCB design information across fabrication, assembly, and test. It replaces multiple legacy formats—including industry standards, Gerber, and ODB++—with a single, comprehensive, XML-based dataset that captures all manufacturing details.
IMI Reports Stronger Performance and Return to Profitability in 2025
05/06/2026 | IMIIntegrated Microelectronics, Inc. (IMI) reported a significantly improved performance in 2025, reflecting the positive results of its multi year transformation focused on operational efficiency, portfolio optimization, and strengthening core capabilities.
Flex Completes Acquisition of Electrical Power Products (EP²)
05/06/2026 | PRNewswireFlex announced the completion of its acquisition of Electrical Power Products, Inc. (EP²), a leading provider of engineered‑to‑order electrical power control and protection systems.
TLT Electronics Officially Opens Facility in Vietnam
05/06/2026 | TLT ElectronicsLithuanian EMS provider TLT Electronics has recently announced the opening of a new facility in Vietnam. For their clients, this is a chance to expand manufacturing into a second region without the headache of onboarding a new supplier. Same team, same processes, same quality standards — still TLT Manufacturing, just on another continent.
NVIDIA, Corning Partner to Boost U.S. AI Manufacturing
05/06/2026 | BUSINESS WIRENVIDIA and Corning Incorporated announced a multiyear commercial and technology partnership to dramatically expand U.S.-based manufacturing of the advanced optical connectivity solutions needed to power next-generation AI infrastructure.