Volex completes acquisition of Irvine Electronics, Inc.
Nov. 1, 2021
Volex has announced today that it has completed the acquisition of Irvine Electronics, Inc. for a total consideration of $16.4 million.
Irvine Electronics is a US-based manufacturer of electronic solutions, including printed circuit board assemblies, with over 30 years of experience and deep relationships across a wide variety of blue-chip customers, particularly in the defence, military aerospace and medical markets. The acquisition will strengthen Volex’s existing profile in North America, adding further capabilities and capacity in California to augment the Group’s existing operations in Washington state and Mexico, creating a compelling value proposition for customers in the region.
Commenting on the acquisition, Nat Rothschild, Executive Chairman of Volex said, “The completion of the Irvine acquisition further increases our geographic coverage and technical capabilities in the key North American market. Irvine complements the recently announced acquisition of Terminal & Cable TC Inc, a military wiring harness supplier. This supports our strategic intent to develop Volex’s presence in the defence market, broadening our capabilities in this attractive sector.”
The full announcement is available here.