- The acquisition will help Incap to strengthen its position in areas like the USA and South-East Asia
- The AWS business units will continue to run their operations as independent units within Incap Corporation
Electronics manufacturing services provider Incap Corporation has signed an agreement to acquire 100 per cent ownership of UK- based AWS Electronics Group. Through this acquisition, Incap will improve its service and product offering and widen its portfolio said Incap. It will also help Incap to strengthen its position in areas like the USA and South-East Asia.
Otto Pukk, president and CEO of Incap Corporation said, “This acquisition will enable us to serve our customers even better. I am happy to welcome AWS Electronics team onboard to take the next steps on our growth path. AWS has been growing for many years and we see a strong fit with Incap. With this long-term, strategic acquisition we will strengthen our market position and balance our customer base. We are excited to widen our geographic presence and gain foothold in the U.K. and Central European markets.”
Production facilities in the U.K. and Slovakia
AWS Electronics is an Electronics Manufacturing Services (EMS) provider that specialises in high complexity services like industrial controls, medical, automotive, aerospace, scientific instrumentation, and controls. It has production facilities in the U.K. and Slovakia.
Increase commercial prospects between the U.K. and India
The companies said that the production facilities in the U.K. and Slovakia will complement Incap’s current production facilities located in Estonia and India. It will help to open up the opportunity to increase commercial prospects between the U.K. and India in particular. The acquisition will also help to bring benefits of material purchasing and cross-selling opportunities in the long term. The AWS business units will continue to run their operations as independent units within Incap Corporation. The units will follow Incap’s current business model.
Paul Deehan, former CEO of AWS Electronics Group, said, “I am pleased to see AWS Group step onboard with Incap. The combined companies create a very strong player in the electronics manufacturing services market that will allow us to serve our customers in the best possible way. There are also a number of key synergy benefits that mean we will be able to offer our customers a broader and more complete service portfolio.”