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IMI acquires assets of U.S. EMS firm

Posted: 23 Feb 2005 ?? ?Print Version ?Bookmark and Share

Keywords:ems? odm? saturn electronics and engineering? smt?

Philippines-based Integrated Microelectronics Inc. (IMI) has completed the acquisition of the EMS and ODM assets of U.S. Company Saturn Electronics and Engineering (Tustin) Inc. and its subsidiary Saturn Electronics Philippines Inc. (Tustin).

The transaction allows IMI to take full advantage of Saturn Tustin's facilities in Tustin, California, which include a technology and design center (with capabilities for advanced interconnect research, new product design and development, and engineering and manufacturing process development), prototyping and manufacturing facilities (with capabilities for surface mount technology (SMT) chip-on-flex assembly, and flip-chip on flex assembly), and a program management center. IMI also acquires the high-volume SMT assembly facilities in Cebu, Philippines.

Arthur R. Tan, president and CEO of IMI, stated, "The acquisition of the EMS/ODM assets of Saturn Tustin enhances our capabilities in the areas of product design and development, manufacturing process development, and flip chip assembly, enabling us to provide competitively superior complete solutions to our customers."

The sale will enable Saturn Electronics to focus on its core automotive and electronics businesses. The company says it will continue to maintain its global product design and purchasing teams in North America and the Far East. The sale will not affect any of Saturn's automotive business or non-flexible circuit electronics business.

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