Platinum Equity has sold PCI Limited to Celestica Inc.
Singapore headquartered PCI is an engineering-led, electronics manufacturing service provider for leading customers in diverse end markets. The company’s design centers with strong capabilities in radio frequency technology, Internet of Things (IoT), human-machine interface and embedded systems complement the company’s extensive manufacturing capabilities in Asia. PCI is highly profitable and is expected to generate approximately $325 million in revenue in 2021.
Through the acquisition of PCI, Celestica will expand its design capabilities in key markets, further reinforcing Celestica’s approach towards engineering-focused engagements, including full product development in the areas of telematics, human-machine interface, IoT and embedded systems. The transaction is expected to add complementary, blue-chip customers to Celestica’s customer base and lead to multiple synergies, including commercial cross-selling opportunities between both companies, the acceleration of engineering product offerings and supply chain savings.
Lincoln International served as a financial advisor to Platinum Equity.
This transaction marks Lincoln’s third transaction with Celestica since April 2018 and Lincoln’s third closed EMS deal in the last eight months.
Lincoln's depth of relationships in the EMS industry, with Celestica in particular, were key in finding the right home for the continued success of PCI.
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