M&A Deal Summary

BYD Electronic Acquires Jabil s Mobility Business

On September 26, 2023, BYD Electronic acquired electronics company Jabil s Mobility Business from Jabil for 2.2B USD

Acquisition Highlights
  • This is BYD Electronic’s 1st transaction in the Electronics sector.
  • This is BYD Electronic’s largest (disclosed) transaction.
  • This is BYD Electronic’s 1st transaction in the United States.
  • This is BYD Electronic’s 1st transaction in Florida.

M&A Deal Summary
Date 2023-09-26
Target Jabil s Mobility Business
Sector Electronics
Buyer(s) BYD Electronic
Sellers(s) Jabil
Deal Type Divestiture
Deal Value 2.2B USD

Target

Jabil s Mobility Business

St. Petersburg, Florida, United States
Jabil's Mobility Business manufactures components for consumer electronics based in St. Petersburg, Florida.

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Buyer(S) 1

Buyer

BYD Electronic

Shenzhen, China

website

Category Company
Founded 1995
Sector Technology Hardware
Employees96,600
Revenue 89.1B CNY (2021)
DESCRIPTION

BYD Electronic is a provider of intelligent product solutions, BYD Electronics focuses on 4 major fields: Smart Phone & NB Notebook PC, New Intelligent Product ,Auto Intelligent System and Medical Devices. BYD Electronic was founded in 2007 and is based in Shenzhen, China.

DEAL STATS #
Overall 1 of 1
Sector (Electronics) 1 of 1
Type (Divestiture) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Jabil

St. Petersburg, Florida, United States

website

Category Company
Founded 1996
Sector Manufacturing
Employees250,000
Revenue 33.5B USD (2022)
DESCRIPTION
Jabil Circuit's corporate headquarters in St. Petersburg, Florida.
Jabil Circuit's corporate headquarters in St. Petersburg, Florida.

Jabil is an electronic solutions company providing comprehensive electronics design, manufacturing and product management services to global electronics and technology companies. Jabil was founded in 1996 and is based in St. Petersburg, Florida.

DEAL STATS #
Overall 1 of 1
Sector (Electronics) 1 of 1
Type (Divestiture) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-14 Ecologic Brands

Manteca, California, United States

Ecologic Brands is a provider of sustainable packaging specializing in paper bottle and paper-based packaging solutions.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-01 ProcureAbility

Jacksonville, Florida, United States

ProcureAbility is a provider of procurement services, offering advisory, managed services, digital, staffing, and recruiting solutions. The company combines methodologies, analytics, market intelligence, and industry benchmarks with its flexible and customizable service delivery model. ProcureAbility is based in Jacksonville, Florida.

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