Onex-backed Celestica to acquire Impakt for $427 mln
Celestica Inc (TSX, NYSE: CLS) has agreed to acquire Impakt Holdings LLC, a Santa Clara, California-based provider of design, engineering and manufacturing solutions for the display, semiconductor and solar industries. The purchase price is about $427 million (US$329 million). Celestica, a Toronto-based electronics manufacturing services provider, said the acquisition will give it new capabilities in large-format, complex, high-mix manufacturing solutions for multiple industries. It will also increase Celestica’s presence in U.S. and Korean markets. Celestica is a portfolio company of Canadian private equity firm Onex Corp, while Impakt is backed by U.S. private equity firm Graycliff Partners.
10 October 2018•5 mins read
