Divestiture • Electronics

Celestica Acquires IBM’s ECAT operation

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

Acquisition Context
  • 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.

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M&A Deal Summary

Date February 29, 2000
Target IBM’s ECAT operation
Sector Electronics
Buyer(s) Celestica
Deal Type Divestiture

Target Company

IBM’s ECAT operation

Rochester, Minnesota, United States
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Buyer Overview 1

Buyer

Celestica

Toronto, Ontario, Canada

Category Company
Founded 1994
Sector Information Technology
Employees21,890
Revenue 9.6B USD (2024)
DESCRIPTION
Celestica office in Fremont, California.
Celestica office in Fremont, California.

Celestica delivers end-to-end product lifecycle solutions to drive its customers’ success. Through its simplified global operations network and information technology platform, the company delivers informed, flexible solutions that enable customers to succeed in the markets they serve. Celestica was founded in 1994 and is based in Toronto, Canada.


Deal Context for Buyer #
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 -