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Electronics manufacturing services (EMS) provider Flextronics has signed a definitive agreement to acquire Stellar Microelectronics, a full-service EMS provider based in Valencia, California.
Stellar Microelectronics specializes in advanced custom packaging solutions for the aerospace, defense, and medical industries. Its annual sales are just under $100 million. Additional terms of the deal were not disclosed.
The acquisition “underscores Flextronics' strategic commitment to expand our service offering in the aerospace, defense and medical markets, and we believe the combined companies will strengthen the services we can provide our customers in this space," said Paul Humphries, group president of Flextronics high reliability solutions.
With the acquisition, Flextronics will increase its service offerings to include microelectronic design and manufacturing services to support customers with unique U.S. manufacturing needs, including those requiring certifications such as AS9100C, ISO 9001:2008, and ISO13485:2003.
Stellar Microelectronics' Valencia operation is also FDA registered and ITAR compliant.
Completion of the transaction, which is subject to certain closing conditions, is expected to take place by the end of April.