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Celestica Completes Acquisition of Impakt Holdings
November 12, 2018 | CelesticaEstimated reading time: 1 minute
Celestica Inc. has completed its previously announced acquisition of Impakt Holdings, LLC (Impakt).
The acquisition of Impakt is anticipated to significantly enhance Celestica’s ability to provide customers with large-format, high-mix manufacturing solutions and expand Celestica’s presence in key geographies.
“This acquisition is well aligned to our company strategy of growing and diversifying our overall revenue and margin mix through targeted investments and acquisitions,” said Rob Mionis, President and CEO, Celestica. “Bringing Impakt’s capabilities into our capital equipment manufacturing business will provide us with new capabilities in the U.S. and South Korea. We welcome the 450 Impakt employees to Celestica and we look forward to working together to deliver added value to our customers.”
As previously announced, the acquisition was financed with available borrowings under our revolving credit facility, a substantial portion of which we currently intend to repay with the proceeds of an anticipated incremental term loan under our current credit facility later this month.
About Celestica
Celestica enables the world's best brands. Through our recognized customer-centric approach, we partner with leading companies in aerospace and defense, communications, enterprise, healthtech, industrial, capital equipment, and smart energy to deliver solutions for their most complex challenges. A leader in design, manufacturing, hardware platform and supply chain solutions, Celestica brings global expertise and insight at every stage of product development - from the drawing board to full-scale production and after-market services. With talented teams across North America, Europe and Asia, we imagine, develop and deliver a better future with our customers.
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