Asteelflash Acquires German EMS EN ElectronicNetwork

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Asteelflash Acquires German EMS EN ElectronicNetwork
FOR IMMEDIATE RELEASE
The Electronics Industry
Asteelflash acquires German EMS EN ElectronicNetwork
for Greater Proximity to its European Customers
PARIS, FRANCE, August 27, 2012 -- Asteelflash, one of the top 15 worldwide Electronics
Manufacturing Services (EMS) companies focusing on high-mix low/medium volumes, announced
today the acquisition of EN ElectronicNetwork, Germany’s number 2 EMS, which reached $181 million
revenue in 2011 and counts 700 employees.
Extending the European Market
This acquisition extends Asteelflash’s European presence by incorporating additional manufacturing
sites in Germany. Asteelflash is already well-established in Western Europe with sites in France and
in UK, as well as in North America, Africa and Asia.
ElectronicNetwork, a full service EMS provider, also operates a plant in the Czech Republic and is
currently ramping up a new plant in Romania. This will enable Asteelflash, who already has a strong
presence in low-cost countries such as China, Tunisia and Mexico, to offer a manufacturing alternative
in Eastern Europe.
Market Consolidation and Enhanced Services Close to the Customer
EN has a strong synergy with Asteelflash in terms of client portfolio and will enable the group to
access new regional market accounts and strengthen its activities in segments that are already well
established such as Industrial, Defense and Aerospace, Medical and Automotive.
Asteelflash is offering to EN customers the possibility to access a larger and more global organization,
while the performance of international and regional accounts will continuously be improved. The
Kaizen philosophy will also progressively be implemented in all sites.
“We greatly value customer service and wish to maintain a close relationship between our clients and
our plants in order to provide best solutions for Design, Engineering and Manufacturing. Our ambition
is to become Europe's 1st EMS”, explains Gilles Benhamou, President and CEO of Asteelflash.
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About Asteelflash
Asteelflash operates 23 manufacturing sites on four continents (Europe, Asia, Africa and North
America) with a headcount of over 5,700 employees and was founded in 1999. Ranked among the top
15 EMS companies in the world, Asteelflash posted revenues of $780 million in 2011. The company
offers comprehensive and integrated design and manufacturing services from initial product design to
volume production including prototyping, direct order fulfillment and post deployment services. It
delivers top-quality services thanks to the implementation of its "Asteelflash Excellence System",
adapted to the special needs of its local, regional and global customers.
Early this year, Asteelflash acquired Catalyst manufacturing services Inc, an American EMS company
based on the East Coast of the United States and in Mexico, and opened a new warehouse in
Suzhou, China. With the acquisition of ElectronicNetwork, Asteelflash further enhances its proximity to
its customers and improves its worldwide competitiveness. The transaction is still subject to the
approval by the antitrust authorities.
For more information, visit http://www.asteelflash.com.
Asteelflash
6, rue Van Gogh
93360 Neuilly Plaisance
France
Ph: +33 (1) 49 44 53 00
Fax : +33 (1) 43 81 23 31
[email protected]
www.asteelflash.com
Asteelflash media contact:
Hanane Aouad-Imbert & Charlotte Millet
+ 33 9 82 43 06 97 | +33 9 82 52 06 97 | +33 6 23 46 15 54
[email protected]
[email protected]
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