Luxembourg-based sensing specialist IEE today announced that it has finalised the acquisition of ALL CIRCUITS – a leader in the electronics manufacturing service field, with plants in Europe and North Africa.
IEE has made this acquisition along with three co-investors. As the Managing Shareholder, IEE, together with ALL CIRCUITS’ management, will set the direction of the company.
Michel Witte, IEE’s President and CEO, said that the acquisition is a positive step for both companies. “ALL CIRCUITS has made a name for itself in the global market as a leading provider of Electronic Manufacturing Services (EMS) and is ranked seventh in the top 10 European EMS companies. This makes them a good strategic fit with IEE."
“With ALL CIRCUITS on board, IEE will be well positioned to develop our expertise in the automotive safety electronic production process and will have direct access to electronic manufacturing excellence. This acquisition will also enable us to enlarge our product portfolio, particularly in the non-automotive market, and offer enhanced products, functions and services to our customers worldwide.”
Bruno Racault, CEO of ALL CIRCUITS said that the partnership with the new shareholder is a wonderful opportunity to continue the company´s growth. “ALL CIRCUITS will benefit from IEE´s design capabilities, as we will now be able to offer this expertise to our customers. We will also be closer to the German market and, with IEE´s support, will have the opportunity to expand our footprint beyond the European border.
Moreover, the fact that we have the same roots as IEE and a shared language gives us a great deal of potential for future development both for our employees and in the opportunities we can provide to our customers.”
Mr. Witte says that both ALL CIRCUITS and IEE will remain independent. “ALL CIRCUITS and IEE have different strengths and competencies and this will support the simultaneous development of both companies. Mr. Racault remains the CEO of ALL CIRCUITS and he, supported by his Management Team will be responsible for the day-to-day running of the company. IEE will support and advise ALL CIRCUITS in the company’s global development.”
