PLEXUS CORP acquires SeaMED Corporation

PLEXUS CORP acquired SeaMED Corporation for Stock merger; Plexus issued approximately 2,265,822 shares of common stock (0.4-for-1 exchange ratio) plus assumed options for ~171,804 shares, a transaction completed in July 1999, structured as all stock (pooling of interests).

SeaMED Corporation operates in Medical electronics design & manufacturing services, is based in Bothell, Washington (Seattle area), United States. SeaMED Corporation of Bothell, Washington, which designs and manufactures advanced durable electronic medical instruments for established and emerging medical technology companies, combining engineering, manufacturing and regulatory expertise to develop and commercialize advanced medical instruments. SeaMED merged with a wholly-owned subsidiary of Plexus and became a wholly-owned subsidiary.

Added SeaMED's medical engineering and regulatory knowledge and complex higher-level assembly capabilities to Plexus's product realization services.

Medical engineering and regulatory knowledge plus complex higher-level assembly capabilities that broadened Plexus's design and manufacturing services. Became a wholly-owned subsidiary of Plexus; ~162,000 sq ft and ~301 employees in Bothell, Washington at acquisition date