Electronics Production | July 23, 2010
Celestica acquires Allied Panels
Celestica has signed a definitive agreement to acquire Allied Panels Entwicklungs-und Produktions GmbH, a medical engineering and manufacturing service provider.
The acquisition of Austria-based Allied Panels will significantly expand Celestica’s capabilities in the healthcare diagnostics and imaging market. Founded in 2000, Allied Panels’ customers include GE Healthcare, Siemens Healthcare, SonoSite and SuperSonic Imagine. The company’s main development and production centre is located in Frankenburg, Austria, with an additional location in Madison, Wisconsin, USA. With annual revenue of approximately 40 million euros, the company currently employs close to 130 people. The transaction is expected to close in the third quarter. “We are proud of our solid track record for delivering innovative solutions that meet the needs of our customers in the healthcare market,” said Hansjörg Weisskopf, Founder and CEO, Allied Panels. “By joining Celestica, we can leverage their scale and global footprint to offer additional value to our customers and provide them access to new markets. We look forward to joining the Celestica healthcare team.”