Sanmina-SCI signs definitive agreement to acquire Elscint's perations in Israel
Sanmina-SCI Corporation, supplier of integrated design and electronics manufacturing services (EMS) has signed a definitive agreement to acquire Elscint's manufacturing, assembly, engineering and integration operations in Israel.
Elscint’s Israeli factory manufactures high-end complex medical systems and other high-end industrial products. Principle customers include GE Medical Systems and Philips Medical Systems. Financial terms of the transaction were not disclosed.
Sanmina-SCI Corporation is an electronics contract manufacturer serving the fastest-growing segments of the $125 billion global electronics manufacturing services (EMS) market. Sanmina-SCI provides end-to-end manufacturing solutions, delivering unsurpassed quality and support to large OEMs primarily in the communications, defense and aerospace, industrial and medical instrumentation, and computer technology and multimedia sectors of the market.
Elscint is engaged in two principal businesses; hotel development and leisure, and investments in bio-technology companies. Elscint has interests in hotels in Western Europe, in hotel development projects, principally in Western and Central Europe, and in the commercial and entertainment center at the Marina in Herzlia, Israel.
In the bio-technology field, Elscint invests in high potential start-up companies, and provides business guidance and professional advice to such companies for the development of business plans, research and development and marketing programs. — (menareport.com)
© 2002 Mena Report (www.menareport.com)