M&A Deal Summary

Sanmina Acquires Altron

On September 3, 1998, Sanmina acquired electronics company Altron from TA Associates for 219M USD

Acquisition Highlights
  • This is Sanmina’s 1st transaction in the Electronics sector.
  • This is Sanmina’s 2nd largest (disclosed) transaction.
  • This is Sanmina’s 2nd transaction in the United States.
  • This is Sanmina’s 1st transaction in Minnesota.

M&A Deal Summary

Date 1998-09-03
Target Altron
Sector Electronics
Buyer(s) Sanmina
Sellers(s) TA Associates
Deal Type Add-on Acquisition
Deal Value 219M USD

Target

Altron

Anoka, Minnesota, United States
website
Altron, Inc. is a EMS provider focused on delivering complete end-to-end manufacturing capabilities and highly complex solutions to technology companies around the world.

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Buyer(S) 1

Buyer

Sanmina

San Jose, California, United States

website


Category Company
Founded 1980
Sector Manufacturing
Employees30,000
Revenue 7.9B USD (2022)
DESCRIPTION
Sanmina's corporate headquarters in San Jose, California.
Sanmina's corporate headquarters in San Jose, California.

Sanmina is a global provider of integrated manufacturing solutions, components, products and repair, logistics and after-market services. Sanmina provides these offerings primarily to original equipment manufacturers in the following industries; communications networks, computing and storage, multimedia, industrial and semiconductor capital equipment, defense and aerospace, medical, energy and clean technology and automotive. Sanmina was founded in 1980 and is based in San Jose, California.


DEAL STATS #
Overall 2 of 6
Sector (Electronics) 1 of 3
Type (Add-on Acquisition) 2 of 5
State (Minnesota) 1 of 1
Country (United States) 2 of 4
Year (1998) 1 of 1
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-10-01 Comptronix

Nashville, Tennessee, United States

Comptronix Corporation was engaged in the contract manufacturing and testing of products and assemblies for use in the computer, communications, medical, instrumentation, consumer, and peripherals industries throughout the United States.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-06-01 Essex AB

Kista, Sweden

Essex is a Nordic contract manufacturers of electronics mainly for mobile phone manufacturers.

Buy -

Seller(S) 1

SELLER

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 47 of 252
Sector (Electronics) 1 of 3
Type (Add-on Acquisition) 23 of 129
State (Minnesota) 1 of 1
Country (United States) 44 of 206
Year (1998) 12 of 13
Size (of disclosed) 45 of 66
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-08-01 FTP Software

North Andover, Massachusetts, United States

FTP Software develops TCP/IP (Transmission Control Protocol/Internet Protocol) networking software for the personal computer market.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-10-01 Electronic Designs

Phoenix, Arizona, United States

Electronic Designs, Inc. (EDI) designs, manufactures and markets semiconductor memory and flat panel display products for the global commercial, industrial and military markets, particularly for telecommunications, data communications and avionics.

Sell -