M&A Deal Summary

Celestica Acquires IBM’s ECAT operation

On February 29, 2000, Celestica acquired electronics company IBM’s ECAT operation

Acquisition Highlights
  • This is Celestica’s 3rd transaction in the Electronics sector.
  • This is Celestica’s 4th transaction in the United States.
  • This is Celestica’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2000-02-29
Target IBM’s ECAT operation
Sector Electronics
Buyer(s) Celestica
Deal Type Divestiture

Target

IBM’s ECAT operation

Rochester, Minnesota, United States

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Buyer(S) 1

Buyer

Celestica

Toronto, Ontario, Canada

website

Category Company
Founded 1996
Sector Information Technology
Employees18,226
Revenue 7.3B USD (2022)
DESCRIPTION
Celestica office in Fremont, California.
Celestica office in Fremont, California.

Celestica is dedicated to delivering end-to-end product lifecycle solutions to drive our customers’ success. Through our simplified global operations network and information technology platform, we are solid partners who deliver informed, flexible solutions that enable our customers to succeed in the markets they serve. Celestica was founded in 1996 and is based in Toronto, Canada.

DEAL STATS #
Overall 5 of 22
Sector (Electronics) 3 of 11
Type (Divestiture) 2 of 6
State (Minnesota) 1 of 2
Country (United States) 4 of 13
Year (2000) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-10-04 Surface Mount Center - HP

Andover, Massachusetts, United States

Surface Mount Center - HP is the printed circuit board assembly operation.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-05-31 IBM’s Printed Circuit Board Assembly - IBM

Vimercate, Italy

Buy -
Mergr

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