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Finnish Scanfil, the largest European stock exchange listed Electronic Manufacturing Service company in terms of turnover, and Italian MB Elettronica (“MB”) from Cortona Arezzo have agreed to join forces.
The combined company will be a significant European player in the EMS market with a global footprint of 16 factories on four continents. MB operates four factories in Italy and employs around 500 people. The combination increases Scanfil’s number of employees to over 4,500 and current MB employees will continue in their current roles as part of Scanfil Group.
MB and Scanfil have complementary offerings and customers, creating customer value through cross-selling. On the customer side, MB brings new remarkable industrial customers to the Group. Especially, it has significant competence and customer relations in Aerospace & Defense. Together, Scanfil and MB will be able to serve their customers even better than before, offering manufacturing services in ten countries.
“I want to welcome all new employees and customers to the growing Scanfil family. By joining forces, we create a European EMS powerhouse with a strong presence in Southern Europe and Aerospace & Defense. For MB employees, a large company creates new career and personal development opportunities. For MB customers, a larger company means an improved service offering with global manufacturing and delivery capabilities,” says Scanfil’s CEO Christophe Sut.
“Scanfil has a family-owned background and MB is a family company. There is a similar dynamic in our operating cultures and entrepreneurship is highly valued in our corporate values. Our employees are highly skilled and motivated, which is and will be the key success factor for EMS,” commented Roberto Banelli, CEO of MB. “With the financial strength and global reach of Scanfil, MB will start a new growth journey. The combination of the two companies will create value for our customers and employees. I am excited that MB is becoming part of the Scanfil family, and I look forward to seeing MB grow stronger under the new ownership”.
