Canadian electronics manufacturing services (EMS) provider Varitron Group has acquired Altronics Manufacturing, a contract manufacturer that serves commercial, defense, industrial and medical OEM customers.
Altronics, based in Hudson, N.H., is a high-technology EMS provider that builds a variety of printed circuit board assemblies and provides value-added services to OEMs. The company specializes in new product introduction and high-mix printed circuit board and chassis assembly. Altronics is ISO 9001:2008 registered, ITAR registered, and has J-STD Class 1, 2, 3 certifications.
Varitron provides electronics manufacturing services to the energy, telecommunications, aerospace, medical, military and automobile industries.
Varitron, based in Saint-Hubert, Québec, said the acquisition will help the company meet U.S. content requirements for its customers, locally and abroad.
"Varitron and Altronics provide similar services but also have complementary offerings intended for different markets," said Michel Farley, president of Varitron Group. "By pooling our expertise, we will be able to serve more customers and provide added value in terms of volume with the aim of consolidating the U.S. market and developing new niches," he said.
Altronics senior management team will stay on and new jobs will be created because of higher volumes of business that are expected, according to Varitron.
Farley will serve as Varitron–Altronics Manufacturing's president. Jeff Altschuler, founder of Altronics, becomes executive vice president of the New Hampshire division.
Altschuler said the acquisition enables Varitron to grow its business more rapidly and to develop new markets. He said Varitron "is the ideal partner for us."
Terms of the acquisition were not disclosed.
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