PLEXUS CORP acquired Qtron, Inc. for Approximately $29.0 million in cash; repaid $3.6 million Qtron notes payable to shareholders; assumed liabilities of $28.6 million, a transaction completed in May 2001, structured as all cash.
Qtron, Inc. operates in Electronics manufacturing services (EMS), is based in San Diego, California, United States. Qtron, Inc., a privately held electronic manufacturing service provider located in San Diego, California. Plexus acquired all of the outstanding shares of Qtron, accounted for using the purchase method of accounting.
Added a San Diego, California electronic manufacturing services operation.
Added a San Diego EMS operation and ~279 employees. ~163,000 sq ft and ~279 employees in San Diego, California at acquisition date; purchase method of accounting
On May 23, 2001, the Company completed its acquisition of Qtron, Inc., a privately held electronic manufacturing service provider located in San Diego, California. The Company acquired all of the outstanding shares of Qtron for approximately $29.0 million in cash, repaid outstanding Qtron notes payable of $3.6 million to Qtron shareholders and assumed liabilities of $28.6 million.Plexus Corp Q3 FY2001 Form 10-Q, Note 5 - Merger and Acquisition
Advisory firms were not disclosed for this transaction.