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
Category Company
Founded 1995
Sector Technology Hardware
Employees105,001
Revenue 130.0B CNY (2023)
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
Category Company
Founded 1996
Sector Manufacturing
Employees236,000
Revenue 34.7B USD (2023)
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
2022-04-12 YouTransactor

Paris, France

YouTransactor is a digital merchant service provider, and designer of the uCube, a fully certified mPOS device, and the uCube 100, a professional smartphone certified for payments. These payment terminals are integrated into uCloud, an end-to-end turnkey solution for merchants to accept customer-present banking card payments. YT thrives on offering sophisticated and affordable payment acceptance solutions integrated into third-parties business applications. YouTransactor was founded in 2009 and is based in Paris, France.

Buy -
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.

Buy -
Mergr

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