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SVI to Acquire Seidel Electronics
January 15, 2016 | SVI Public Co. LtdEstimated reading time: Less than a minute
Thailand-based EMS firm SVI Public Co. Ltd, through its subsidiary SVI (Austria) GmbH, will acquire Seidel Electronics Group, which has manufacturing facilities in Austria, Slovakia and Hungary as well as minority interests in two product design and development companies located in Austria and Slovenia.
This transaction supports SVI's business in European markets, in particular in the German-speaking regions where the company is currently under-penetrated. The acquisition brings SVI a solid design, manufacturing and logistics platform in Austria and in cost-competitive Eastern European countries.
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