Global Citizenship: Together for a Perfect PCB Solution
Smart Automation: Odd-form Assembly—Dedicated Insertion Equipment Matters
Nolan’s Notes: Everyone Has Their Eye on India
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
"We’re proud to call I-Connect007 a trusted partner. Their innovative approach and industry insight made our podcast collaboration a success by connecting us with the right audience and delivering real results."
Julia McCaffrey - NCAB GroupSuggested Items
Panasonic Industry will Double the Production Capacity of MEGTRON Multi-layer Circuit Board Materials Over the Next Five Years
09/15/2025 | Panasonic Industry Co., Ltd.Panasonic Industry Co., Ltd., a Panasonic Group company, announced plans for a major expansion of its global production capacity for MEGTRON multi-layer circuit board materials today. The company plans to double its production over the next five years to meet growing demand in the AI server and ICT infrastructure markets.
Sustainability and Selective Soldering
09/15/2025 | Dr. Samuel J. McMaster, Pillarhouse InternationalSustainability is more than just a buzzword for the electronics industry; it’s a key goal for all manufacturing processes. This is more than a box-ticking exercise or simply doing a small part for environmentally friendly processes. Moving toward sustainable solutions drives innovation and operational efficiency.
ASM Technologies Limited signs MoU with the Guidance, Government of Tamilnadu to Expand Design-Led Manufacturing capabilities for ESDM
09/15/2025 | ASM TechnologiesASM Technologies Limited, a pioneer in Design- Led Manufacturing in the semiconductor and automotive industries, announced signing of Memorandum of Understanding (MoU) with the Guidance, Government of Tamilnadu whereby it will invest Rs. 250 crores in the state to expand its ESDM related Design-Led Manufacturing and precision engineering capacity. ASM Technologies will acquire 5 acres of land from the Government of Tamilnadu to set up a state-of-the-art design facility in Tamil Nadu's growing technology manufacturing ecosystem, providing a strong strategic advantage and long-term benefits for ASM.
U.S. CHIPS Act Funding Detailed on SIA Website
09/12/2025 | Nolan Johnson, I-Connect007The U.S. CHIPS Act has moved well into the implementation stage in 2025. But where has that money gone? The Semiconductor Industry Association has been tracking these projects and provides details on its website. It was updated May. Among the five key programs being managed under CHIPS, two stand out as influencing advanced electronic packaging: the National Advanced Packaging Manufacturing Program (NAPMP), and the CHIPS Manufacturing USA Institute (MFG USA).
Zhen Ding Drives AI-Powered Digital Transformation
09/12/2025 | Zhen DingDriven by the surging demand for computing power fueled by AI, the semiconductor and PCB industries are forging closer integration, expanding their ecosystems, and pursuing shared growth. PCB has already become another NT$ trillion-dollar industry in Taiwan, growing in tandem with the semiconductor sector.