DSBJ Completes Acquisition of Multek

By Dipo Olowookere

The acquisition of Multek, a leading provider of Interconnect Solutions, by Suzhou Dongshan Precision Manufacturing Co. Ltd has been finalised.

DSBJ is a diversified manufacturer headquartered in Suzhou, China and with this development; Multek now becomes an indirect, wholly-owned subsidiary of DSBJ.

Recall that the transaction was announced in March 2018 by Multek’s outgoing parent company, Flex, in the form of a divestiture.

The completion of this transaction follows the receipt of all necessary shareholder and regulatory approvals, a statement by Multek said.

Chief Executive Officer of Multek, Franck Lize, stated that, “We are pleased to complete this transaction and very excited about our future as part of the DSBJ family of companies. Multek is now better positioned than ever to continue expanding capabilities and contribute to the combined company’s success, while supporting our customers’ future needs.”

“This transaction represents a new chapter and key milestone in DSBJ’s 38-year history,” said Yuan Yonggang, Chairman and President of DSBJ.

“By acquiring Multek, we are creating a more powerful and global enterprise in the component technology space, with more than 25,000 employees, over five million square feet of manufacturing space, and adding over 300 active customers including the most respected brands in the US, Europe and Asia. With the merger complete, we aim to rapidly grow Multek by repeating the same successful recipe DSBJ used to significantly grow the sales of MFLEX, our last major acquisition in 2016, which was a similar-sized manufacturer in the same industry. In addition, Multek’s large and diversified account base — spanning Smartphones, Wearables, IoT, Automotive, Medical, Communications Infrastructure, Computing, Consumer Electronics, Industrials and Instrumentation – presents excellent cross-fertilization opportunities for DSBJ’s existing companies and vice-versa.”

Founded in 1978, Multek currently operates a 1.6 million square feet campus in Zhuhai, China, offering one-stop engineering and manufacturing services for rigid Printed Circuit Board (PCBs), flexible printed circuits (FPC), rigid-flex, and assembly. Multek’s plants and laboratories are equipped with state-of-the-art equipment.