PLEXUS CORP acquires Qtron, Inc.
Snapshot
PLEXUS CORP acquired Qtron, Inc. for Approximately $29.0 million in cash; repaid $3.6 million Qtron notes payable to shareholders; assumed liabilities of $28.6 million in May 2001. The transaction was structured as all cash. Qtron, Inc. is a San Diego, California, United States-based Electronics manufacturing services (EMS) business.
- Acquirer
- PLEXUS CORP
- Target
- Qtron, Inc.
- Value
- Approximately $29.0 million in cash; repaid $3.6 million Qtron notes payable to shareholders; assumed liabilities of $28.6 million
- Date
- May 2001
- Type
- full acquisition (stock purchase)
- Status
- ready
The deal at a glance
About this deal
PLEXUS CORP acquired Qtron, Inc. for Approximately $29.0 million in cash; repaid $3.6 million Qtron notes payable to shareholders; assumed liabilities of $28.6 million, a transaction completed in May 2001, structured as all cash.
Qtron, Inc. operates in Electronics manufacturing services (EMS), is based in San Diego, California, United States. Qtron, Inc., a privately held electronic manufacturing service provider located in San Diego, California. Plexus acquired all of the outstanding shares of Qtron, accounted for using the purchase method of accounting.
Added a San Diego, California electronic manufacturing services operation.
Added a San Diego EMS operation and ~279 employees. ~163,000 sq ft and ~279 employees in San Diego, California at acquisition date; purchase method of accounting
No advisory firms have been disclosed for this transaction.