Onex-backed Celestica to acquire Atrenne for $172 mln
Celestica Inc (TSX, NYSE: CLS) has agreed to acquire Atrenne Integrated Solutions Inc, a New Hope, Minnesota-based designer and maker of ruggedized electromechanical solutions primarily for military and commercial aerospace applications. Celestica will buy the company for about $172 million (US$139 million) in cash. The deal is expected to close in the second quarter. Celestica, a Toronto-based provider of electronics manufacturing services, said the acquisition will broaden and diversify its capabilities in the aerospace and defense markets. Celestica has been a portfolio investment of Canadian private equity firm Onex Corp since 1996.
25 January 2018•3 mins read
