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Electronics Production | August 09, 2007

Jabil subsidiary acquired by Red Rocket

Power conversion company Red Rocket has acquired Celetronix Power India Private Limited (CPIPL).
Power conversion company Red Rocket has purchased the Jabil Circuit subsidiary and the switching power supply business of Celetronix Power India Private Limited (CPIPL), based in Mumbai, India.

Red Rocket acquires all of the capital stock of CPIPL, the product design and manufacturing operations in Mumbai, India. CPIPL has 105 employees and approximately 550 contract personnel related to the business. According to reports Red Rocket plans to invest in design, manufacturing and service potential of the India facilities and expertise of employees. With approximately 100,000 square feet of manufacturing space and design facilities, the company will expand its valued-added design services, product-support and repair services and out-source manufacturing.

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