PLEXUS CORP acquires Keltek (Holdings) Limited
Snapshot
PLEXUS CORP acquired Keltek (Holdings) Limited for US $29.4 million aggregate (US $18.7M cash to shareholders + ~US $3.6M assumed obligations + US $7.1M loan notes due Dec 31, 2005) in July 2000. The transaction was structured as combination (cash + assumed obligations + loan notes). Keltek (Holdings) Limited is a Kelso, Scotland and Maldon, England, United Kingdom-based Electronics manufacturing services (EMS) business.
- Acquirer
- PLEXUS CORP
- Target
- Keltek (Holdings) Limited
- Value
- US $29.4 million aggregate (US $18.7M cash to shareholders + ~US $3.6M assumed obligations + US $7.1M loan notes due Dec 31, 2005)
- Date
- July 2000
- Type
- full acquisition (share purchase)
- Status
- ready
The deal at a glance
About this deal
PLEXUS CORP acquired Keltek (Holdings) Limited for US $29.4 million aggregate (US $18.7M cash to shareholders + ~US $3.6M assumed obligations + US $7.1M loan notes due Dec 31, 2005), a transaction completed in July 2000, structured as combination (cash + assumed obligations + loan notes).
Keltek (Holdings) Limited operates in Electronics manufacturing services (EMS), is based in Kelso, Scotland and Maldon, England, United Kingdom. Keltek (Holdings) Limited, a UK electronics manufacturing services provider, acquired through Plexus Corp. Limited, a wholly-owned Plexus subsidiary, becoming an indirect wholly-owned subsidiary. Operations were located in Kelso, Scotland and Maldon, England.
Added a UK manufacturing presence (Kelso, Scotland and Maldon, England) to Plexus's geographic reach.
Established UK/European manufacturing capacity expanding Plexus's geographic reach. Became an indirect wholly-owned subsidiary via Plexus Corp. Limited; ~77,000 sq ft and ~461 employees in Kelso, Scotland and Maldon, England
No advisory firms have been disclosed for this transaction.