Suntron Corporation Announces Sale of Embedded Computing Solutions (ECS) Business Unit to Axiomtek USA
(Marketwire Via Acquire Media NewsEdge) PHOENIX, AZ -- (Marketwire) -- 12/21/12 --
Suntron Corporation, a leader in integrated electronics manufacturing systems (EMS), announces that it has signed a definitive agreement to sell its Methuen, MA-based Embedded Computing Solutions (ECS) business unit to Axiomtek USA, the North American subsidiary of Taiwan-based Axiomtek. ECS is widely recognized as a premier provider of modified commercial-off-the-shelf (COTS) based end-to-end outsourcing services, from embedded designs to systems integration, including extended life cycle management.
Axiomtek, a global provider of industrial computers, has collaborated with Suntron for more than ten years, and has a proven set of skills and products that will help them expand the company's business as a value-added integrator, offering system design, OS builds, I/O implementation, supply chain logistics, and life cycle management. Suntron will continue to focus on its core capabilities, providing EMS services and solutions to support high reliability products within the aerospace and defense, medical, industrial, network and telecommunications and other markets.
"With the added experience and skill set of ECS, we are now poised to provide our customers with a portfolio of robust industrial computing products along with outsourcing services anchored by operational excellence," said YT Yang, CEO and President of Axiomtek. "It is a perfect match."
The ECS operations will be renamed Axiomtek Systems, and will remain in the existing ISO9001 certified Methuen, MA facility. Customers will be seamlessly transitioned over to the new owners.
"Our ECS team is passionate about exceeding the customer's expectation when it comes to the breadth of our outsourcing services," said Kevin Tiner, Director of Operations at ECS. "Axiomtek has been a supplier to us for more than a decade; we know their products, their capabilities, and their people. We look forward to taking advantage of the synergy that this partnership has created."
Lincoln International represented Suntron Corporation in the sale of the ECS business unit.
About Suntron Corporation:Suntron delivers complete manufacturing services and solutions for high reliability products used in safety and mission critical, and productivity and monitoring devices for the aerospace and defense, medical, industrial, networking and telecommunications, and semiconductor capital equipment markets. Suntron provides engineering services, printed circuit board assembly, box build, large scale assembly, and testing services. Headquartered in Phoenix, Arizona, Suntron operates full service facilities in Arizona, Massachusetts and Tijuana, Mexico. For more information about Suntron capabilities: www.suntroncorp.com.
About Axiomtek:Axiomtek was founded in 1990 in Taipei, Taiwan. It has since extended its global footprint through subsidiary operations in the United Stated, Germany, and China. Today, Axiomtek has one of the broadest product portfolios in the industry, concentrating on designs that withstand challenging environmental conditions. Its product attributes include fanless and wide temperature operation, small form factor, and a five to seven year product life cycle. The company is a member of Intel's ISA partner program. It also is a technology partner with several other major silicon suppliers including AMD. Axiomtek is traded on the Taiwan Securities Market (3088;AXIOMTEK) . Axiomtek USA was established in 1992 and is a wholly owned subsidiary of Axiomtek. To learn more please visit us at www.axiomtek.com.
About Lincoln International:Lincoln International specializes in merger and acquisition advisory services, debt advisory services, private capital raising and restructuring advice on mid-market transactions. Lincoln International also provides fairness opinions, valuations and pension advisory services on a wide range of transaction sizes. With thirteen offices in the Americas, Asia and Europe, Lincoln International has strong local knowledge and contacts in key global economies. The firm provides clients with senior-level attention, in-depth industry expertise and integrated resources. By being focused and independent, Lincoln International serves its clients without conflicts of interest. More information about Lincoln International can be obtained at www.lincolninternational.com.
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Source: Suntron Corporation
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