BreconRidge Corporation Acquisition by Sanmina-SCI
In a strategic move to bolster its technical capabilities, Sanmina-SCI, a leading global provider of electronics manufacturing services (EMS), expanded its portfolio through the acquisition of Ottawa-based BreconRidge Corporation. This merger represents a significant integration of specialized engineering talent and advanced manufacturing infrastructure.
Key Facts
- Acquisition Date: May 28, 2010
- Purchase Price: $53 million
- Acquiring Company: Sanmina-SCI (NASDAQ: SANM)
- Acquired Company: BreconRidge Corporation
- Primary Goal: Enhancement of RF/microwave and micro/opto-electronic capabilities
Strategic Integration of Technologies
The acquisition was designed to integrate BreconRidge's advanced design and engineering expertise into Sanmina-SCI's existing operations. By absorbing BreconRidge, Sanmina-SCI specifically targeted growth in RF/microwave (Radio Frequency) and micro/opto-electronic technologies—fields essential for high-frequency communication and light-based electronic components.
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Expanding Manufacturing Capabilities
Beyond the intellectual property and engineering talent, the deal included the integration of BreconRidge's cutting-edge manufacturing operations. This allows Sanmina-SCI to offer more comprehensive end-to-end services for complex electronic components.
Legal and Advisory Framework
The transaction was facilitated by the legal firm Fasken Martineau, which provided counsel to BreconRidge and its board of directors. The legal team was led by Brian McIntomny and supported by a multidisciplinary group of experts:
- Securities, Corporate, and M&A: Bob Chapman and Charles Lynch
- Competition Law: Anthony Baldanza and Mark Magro
- Legal Support: Jason Tsoukas (student-at-law)
| Detail | Information |
|---|---|
| Acquisition Value | $53 Million |
| Acquirer Location | California, USA |
| Target Location | Ottawa, Ontario, Canada |
| Key Technical Focus | RF/Microwave & Micro/Opto-electronics |
Frequently Asked Questions
When did Sanmina-SCI acquire BreconRidge Corporation?
The acquisition was finalized on May 28, 2010.
What was the total value of the acquisition?
The acquisition of BreconRidge Corporation was worth $53 million.
What specific capabilities did Sanmina-SCI gain from this merger?
Sanmina-SCI enhanced its capabilities in RF/microwave and micro/opto-electronic design, engineering, and manufacturing.
Who provided legal counsel for BreconRidge during the sale?
Fasken Martineau advised BreconRidge and its board, with a team led by Brian McIntomny.
Where were the two companies based?
BreconRidge Corporation was based in Ottawa, Ontario, while Sanmina-SCI is based in California.