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Tempo Automation to Acquire Optimum Design AssociatesMarch 28, 2023 | Tempo Automation
Estimated reading time: 2 minutes
Tempo Automation Holdings, Inc., a leading software-accelerated electronics manufacturer, announced that it has entered into a definitive agreement to acquire Optimum Design Associates, Inc. and Optimum Design Associates Pty. Ltd., a fast-growing electronic design services company with offices in the United States and Australia that has delivered over 10,000 PCB designs to blue-chip customers.
By vertically integrating electronic design and manufacturing, Tempo expects to be able to engage with customers even earlier in their product design process, streamlining the hardware development journey and providing a more efficient and faster way to get electronic products to market. The anticipated benefits of the acquisition include access to Optimum’s experienced engineering team and cross-selling opportunities to expand the customer base. The transaction is expected to close in the second quarter of this year.
“This acquisition will be a significant step toward our vision of transforming the speed and quality of electronics prototyping,” said Joy Weiss, CEO of Tempo Automation. “As onshore electronics development and manufacturing continues to grow, the need for innovation in the end-to-end automation sector grows as well. Our industry has been fragmented and siloed, so we designed Tempo’s Accelerated Manufacturing Platform as a hub for industry consolidation and vertical integration.”
Nick Barbin, co-founder and president of Optimum, added, “Our proprietary design management tools and library services are natural extensions to Tempo’s Accelerated Manufacturing Platform. The acquisition is an efficient way for us to accelerate our roadmap and offer PCB assembly services to our customers. We’re excited to join forces with Tempo and contribute to their mission of revolutionizing the electronics industry.”
Optimum’s experienced engineering team is recognized for its expertise in complex electronics designs with advanced constraints, with specialized skills in Radio Frequency (RF), Mixed Signal, and FPGA designs that are at the heart of most modern communication and mobility systems. Tempo has a track record of rapidly manufacturing similar complex designs and helping customers get their products to market quickly. Tempo believes that the opportunities to cross-sell design and manufacturing services will be natural synergies for the combined company.
Tempo recently added powerful new tools to its Accelerated Electronics Manufacturing Platform, enabling its customers to hedge against electronics components market volatility. Customers can secure critical components early with Tempo and apply them to their many prototype and on-demand production builds. Optimum’s engineers will be able to tap into these tools to ensure that new electronic designs incorporate components that can be readily sourced and offer to have these pre-purchased and managed for the customer.
TT Electronics, a global provider of custom power solutions and engineered technologies, has announced that its Power and Control business has officially opened its new state-of-the-art research, development and manufacturing facility.
Statement of Support from IPC for New Actions to Strengthen America’s Supply Chains, Lower Costs for Families, and Secure Key Sectors11/27/2023 | IPC
IPC welcomes the actions outlined today by the U.S. Government “to strengthen supply chains critical to America’s economic and national security.”
The US branch of GÖPEL electronic is proud to announce the addition of David Kalaidjian as the new National Sales Development Manager.
HyPerStripes project partners will create a technology platform including manufacturing techniques for roll-to-roll (R2R) processing as well as the integration of electronic components onto very long ("endless"), flexible and stretchable printed circuit boards.
Messe München's electronics network with the world's leading trade fairs electronica and productronica is expanding its partnership with SEMI, the global semiconductor industry association, in India.