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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.
Visit Dymax at SMTA International 2023 Discover Innovative Light-Cure Solutions for Today’s Electronics09/21/2023 | Dymax
Dymax, a leading manufacturer of light-curing materials and equipment, will exhibit in booth 1526 at SMTA International 2023 in Minneapolis, MN, from October 10-11.
Altus Group Ireland Partners with SMT Thermal Discoveries to Enhance Electronics Manufacturing in Ireland09/21/2023 | Altus Group
Altus Group, a leading supplier of capital equipment and services to the electronics manufacturing industry, has signed an agreement with SMT Thermal Discoveries to distribute its advanced reflow soldering and thermal technology solutions in Ireland.
Intraratio CEO Ryan Gamble to Deliver Keynote Presentation on Digitization and Its Impact on Electronics Manufacturing at SMTAI 202309/21/2023 |
Intraratio, a provider of enterprise software solutions, is pleased to announce that Ryan Gamble, CEO and Founder of Intraratio, will deliver an informative keynote presentation at SMTA International 2023. T
ICZOOM Group Inc., a B2B electronic component products e-commerce platform, provided details on the Company's accelerated growth and steady market expansion strategy, as the Company leverages its strengthened balance sheet and fortified global brand following its successful listing on Nasdaq earlier this year.
The Murray Percival Company proudly unveils its latest promotion, spotlighting its range of depanelizers.