Electronics Production | January 10, 2012
Telmar price tag at USD 128.5 million
Telmar Network Technology worth USD 128.5 million.
EMS-provider Jabil Circuit dished out USD 128.5 million when it acquired Telmar Network Technology. What the St.Petersburg based EMS-provider did not specify when it announced the completion of the acquisition (early December), a SEC filing did reveal. Telmar Network Technology, Inc. Acquisition In the fourth quarter of fiscal year 2011, the Company entered into a merger agreement with THC Holdings, Inc., which wholly owns Telmar Network Technology, Inc. (“Telmar”), a provider of complex reverse logistics, repair services, technical support, and spare parts management solutions for communication network service providers, enterprise and original equipment manufacturers worldwide. The acquisition of Telmar is expected to enhance the Company’s position in the telecom manufacturing and reverse logistics sector. On December 1, 2011, the Company completed its acquisition of Telmar by acquiring all issued and outstanding common shares of Telmar for approximately $128.5 million in cash. The final purchase price is subject to adjustment based on the actual net assets and expenses of Telmar as of the closing date.