M&A Deal Summary

Kimball Electronics Acquires Global Equipment Services and Manufacturing

On May 17, 2018, Kimball Electronics acquired semiconductors company Global Equipment Services and Manufacturing for 50M USD

Acquisition Highlights
  • This is Kimball Electronics’ 1st transaction in the Semiconductors sector.
  • This is Kimball Electronics’ largest (disclosed) transaction.
  • This is Kimball Electronics’ 2nd transaction in the United States.
  • This is Kimball Electronics’ 1st transaction in California.
Investment Fate
  • Global Equipment Services and Manufacturing was divested to a consortium of strategic buyers in 2024.

M&A Deal Summary
Date 2018-05-17
Target Global Equipment Services and Manufacturing
Sector Semiconductors
Buyer(s) Kimball Electronics
Deal Type Add-on Acquisition
Deal Value 50M USD

Target

Global Equipment Services and Manufacturing

San Jose, California, United States
Global Equipment Services and Manufacturing specializes in production processing and test equipment design, volume manufacturing, and global services for the semiconductor and electronics product manufacturing industry. Global Equipment Services and Manufacturing is based in San Jose, California.

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Buyer(S) 1

Buyer

Kimball Electronics

Jasper, Indiana, United States
Category Company
Founded 1961
Sector Electronics
Employees7,900
Revenue 1.8B USD (2023)
DESCRIPTION

Kimball Electronics is a global contract electronic manufacturing services (“EMS”) company that specializes in durable electronics for the medical, automotive, industrial, and public safety markets. Kimball Electronics is well recognized by customers and industry trade publications for its excellent quality, reliability, and innovative service. From its manufacturing operations in the United States, Mexico, Thailand, Poland, China, and Romania, Kimball Electronics provides engineering, manufacturing, and supply chain services which utilize common production and support capabilities to a variety of industries globally. Kimball Electronics was founded in 1961 and is based in Jasper, Indiana.

DEAL STATS #
Overall 2 of 2
Sector (Semiconductors) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (California) 1 of 1
Country (United States) 2 of 2
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-18 Aircom Manufacturing

Indianapolis, Indiana, United States

Aircom Manufacturing, Inc. is an Indianapolis-based contract manufacturing company that specializes in metal fabrication, plastic injection molding, and assembly.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-01 Global Equipment Services and Manufacturing

San Jose, California, United States

Global Equipment Services and Manufacturing specializes in production processing and test equipment design, volume manufacturing, and global services for the semiconductor and electronics product manufacturing industry. Global Equipment Services and Manufacturing is based in San Jose, California.

Sell -
Mergr

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