SOLCARGO represented Creation Technologies in the cross-border acquisition of Applied Technical Services.
May 11, 2020
SOLCARGO assisted Creation Technologies in the cross-border acquisition of Applied Technical Services, an electronics manufacturing services provider that designs and builds electronics components used in a range of products across industries.
The transaction took place in a period of global uncertainty derived from the covid-19 pandemic and reiterates, among other things, Mexico's strength as one of the world's manufacturing poles for the medical, aerospace, technology, and defense industries.
Creation Technologies offers solutions to improve the life cycle of electronic products including turnkey designs, rapid prototyping, manufacturing, and fulfillment for its customers worldwide. The company of approximately 2,700 people operates eight manufacturing locations, two design centers and a rapid prototyping center in the USA, Canada, Mexico and China
The acquisition expands Creation’s capabilities in the Aerospace & Defense, Medical, and Tech Industrial markets. It adds locations in Everett, WA and Hermosillo, Mexico, each offering three highly automated state-of-the-art SMT lines as well as automated through-hole, ICT, flying probe, and functional test capabilities, benefitting Mexico's manufacturing industry. The M&A team was led by partner Fernando Eraña and associates Juan Carlos Izaza and Eduardo Montenegro. The transaction closed on May 7th 2020.
For more information about the case please contact Fernando Eraña ([email protected])