De Pardieu Brocas Maffei has advised the sellers and Asteelflash, a French global leader in Electronic Manufacturing Services (EMS) and Supply-Chain Management solutions, on the sale to Universal Scientific Industrial (Shanghai) Co., Ltd. (“USI”, SSE: 601231), a world-leading company in electronic design, manufacturing services, and modularization solution, of the sale of Asteelflash Group through its parent company, Financière AFG S.A.S. As a result, USI will control a bigger platform with a global footprint of 27 manufacturing locations in 10 countries, over 24,000 employees and a combined revenue of over US$7 billion.
Follwing the transaction, Asteelflash’s current management team will remain with the company. USI and Asteelflash will, through two companies’ consolidated global footprint and technological capabilities, create more value by targeting new end-market segments and customers. The Acquisition will help USI accelerate its expansion of overseas manufacturing sites and operational systems to meet the market demand in Europe and the U.S.
Asteelflash is a global electronic manufacturing services company dedicated to the automotive, energy management, Internet of Things (IoT), industrial, consumer, defense,
aerospace and data processing industries. Asteelflash recorded US$1 billion revenue in 2018, ranking as the second largest EMS Company in Europe. With 17 manufacturing sites spread across 8 countries including France, Germany, the UK, the Czech Republic, China, Tunisia, the United States and Mexico and employing approximately 5,200 employees worldwide
Universal Scientific Industrial (Shanghai) Co., Ltd., is a global leader in electronic design and manufacturing as well as a leader in the field of SiP (System in Package) modules. USI provides D (MS)2 product services: Design, Manufacturing, Miniaturization, Industrial software and hardware Solutions, and material procurement, logistics and maintenance Services. With Asteelflash, USI has 27 sales, production and service locations across four continents of America, Europe, Asia and Africa, and offers customer diversified products in the sectors of wireless communication, computer and storage, consumer, industrial, medical and automotive electronics worldwide.