OnCore to Acquire Victron
Combination Creates Leading EMS Provider to Medical, Aerospace & Defense, Industrial and Communications Markets
San Jose and Fremont, Calif., August 15, 2011 -- OnCore Manufacturing Services, LLC, ("OnCore") and Victron Inc ("Victron") announced today that OnCore has completed the acquisition of Victron, creating a leading global provider of complete product lifecycle electronics manufacturing services ("EMS").
The combined company will have a broadened range of EMS capabilities, which will enhance and extend its ability to design, source, build, and fulfill products ranging from PCBAs to complete packaged products for its customers in the medical, aerospace and defense, industrial and communications markets.
The enhanced capabilities of the combined company will create more value for its customers and increase their competitiveness by managing the complexities of their products’ design, global sourcing, manufacturing and fulfillment requirements while providing the flexibility to respond to changes in demand. The company’s unique operational framework, the OnCore Production SystemTM, manages the complexity while providing flexibility and drives improved product quality and reduced time-to-market.
Daniel Perez, Chief Executive Officer of OnCore said, “Victron is an important strategic addition to OnCore. The combination increases our solution offerings, extends our target market reach and better serves the needs of our customers, employees and investors. Victron’s strength in medical devices and communications is complementary to OnCore’s existing market solutions and will make the company the preferred partner for companies looking for deep capabilities provided in a very personalized manner.” Perez also said, “Victron’s culture of extraordinary customer service is very compatible with OnCore’s focus on customer service. We look forward to helping the Victron management team in the service of their customers.”
Milla Woo, Executive Vice President of Victron said, “OnCore’s complementary markets and robust operational framework make the combination attractive for our customers, employees and investors. We listened to our customers and OnCore’s deep global sourcing and a growing global footprint will provide them with a long-term, scalable solution.”
OnCore Manufacturing Services, LLC is a leading provider of product commercialization services for low-medium volume, high-complexity products to international blue-chip aerospace and defense, industrial, and medical companies. With manufacturing facilities in Springfield and Wilmington, MA, Longmont, CO, San Marcos and San Jose, CA and Tijuana, Mexico, OnCore manages customers’ high-complexity products while providing them maximum flexibility to manage their business in a close, collaborative relationship. More information is available at www.oncorems.com. OnCore is an equal opportunity employer.
Founded in 1983 and headquartered in Silicon Valley, Victron is a premier electronics manufacturing services (EMS) supplier, providing end-to-end manufacturing solutions from design services through complex product manufacturing to full system integration and logistics for leading OEMs.
Victron offers highly flexible, scalable and fast response manufacturing and supply chain services using highly evolved proprietary software tools, execution-oriented manufacturing processes and technical expertise. The company’s services support its Fortune 500 customers in the medical, industrial, wired/wireless telecom, networking, computing, aerospace/military, automotive and consumer industries.
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VP Corporate Development