MONTREAL, Dec. 11 /CNW Telbec/ - Electronic Contract Design and
Manufacturing (CDM) service provider Triton Electronik, of Pointe-Claire,
Quebec announced today that it has signed a definitive agreement to acquire
Positron Technologies, consolidating its place among mid-size CDM providers in
Eastern North America.
"In a context of increased Asian competition and a rising Canadian
dollar, the Positron acquisition marks the emergence of a stronger Canadian
player with the critical mass required to become the leading mid-size CDM
provider in Eastern North America within the next three years," declared
Daniel Blanche, president and CEO of Triton Electronik. "Combining Positron
with Triton Electronik creates a powerful platform for growth that will
benefit both customers and employees."
Positron Technologies is based in Kirkland, Quebec, where it currently
employs 250 employees, generating annual revenues of $60 million. Positron
Technologies has been operating under court supervision since November 27,
2007 and the sale of the Company has been approved by the Court. All Positron
employees will be offered employment and the combined company will have over
700 employees, annual revenues in excess of $140 million and floor space
capacity of more than 250,000 sq ft.
Positron will complement Triton's existing core activities of providing
high-mix printed circuit board and box build assembly to industrial,
telecommunications, transport, medical, security and entertainment sectors. It
will also reinforce the Company's offering of complimentary services ranging
from design to prototyping, inventory management, assembly, testing,
distribution and after-sales support and repairs.
There are currently 50 CDM providers in the world with revenues of $100
to $500 million, and over 2000 with revenues of less than $100 million. This
leaves mid-size customers, with orders around $10 million, having to choose
between suppliers that are either too big or too small for their needs.
"We believe that the CDM market is ripe for consolidation, and our
strategy is to position Triton to take full advantage of this opportunity
through organic growth and acquisitions like this one," says Mr. Blanche.
Triton's vertical markets in Eastern North America are estimated at over
$US 6 billion and growing at almost double the annual growth rate of the
overall CDM North American market.
Genuity Capital Markets served as financial adviser to Triton.
About Triton Electronik inc.
Triton Electronik is a fast-growing Electronic Contract Design and
Manufacturing (CDM) service provider specialized in high-mix printed circuit
board assembly to full box build for the aerospace, industrial,
telecommunications, transport, medical, security and entertainment sectors.
Triton offers a full range of complimentary services from design to
prototyping, inventory management, assembly, testing, distribution and
after-sales support and repairs.
Founded in 1985, Triton now has approximately 700 employees in four
manufacturing facilities located in the Montreal (Quebec) and Kitchener
For additional information, visit our Web site:
For further information:
For further information: Roch Landriault, (514) 843-2345, Cell.: (514)