Saturn Electronics & Engineering has been sold to Flextronics
Lincoln International (“Lincoln”), a leading global mid-market investment bank, has announced that Saturn Electronics & Engineering, Inc. (“Saturn” or the “Company”) has been sold to Flextronics International, Ltd. (“Flextronics”).]
Based in Rochester Hills, MI and with additional locations in Coopersville, MI, Mexico, the Philippines and China, Saturn is a world-class global supplier of advanced solenoids, interconnect wire harness solutions and electronic components and subsystems. The Company serves the automotive end-market and also supplies select applications in the industrial, energy and appliance markets. Saturn boasts a customer base that includes many of the largest OEMs and Tier I suppliers in the industries it serves.
Lincoln International acted as the financial advisor to Saturn, working closely with the Company’s management team and shareholders throughout the sale process. This included providing merger and acquisition advisory expertise, as well as managing the preparatory, buyer coordination and contact, due diligence and final negotiation phases of the transaction. Wallace Tsuha, founder of Saturn, noted, “Lincoln International’s expertise, buyer knowledge and global access contributed greatly in providing a strategic buyer who will help accelerate the Company’s growth while producing an attractive outcome for the shareholders.”
“Wally Tsuha and the leadership team created a well-positioned, rapidly growing platform in complex transmission solenoids, automotive wire harness and electronic products. We believe this transaction fits well with Flextronics’ automotive strategy,” said Jack Calderon, Managing Director, Lincoln International.
About Saturn Electronics & Engineering
Founded in 1985, Saturn Electronics & Engineering, Inc. is a supplier of electronics manufacturing services, solenoids and wiring for the automotive, appliance, energy and industrial markets. Headquartered in Rochester Hills, Michigan, Saturn Electronics & Engineering employs nearly 2,000 individuals and operates from a total of seven facilities located in the United States, Mexico, and China, as well as an engineering, design center and an administrative “back-office” in the Philippines. The Company has grown from less than $1 million of revenue in 1985 to more than $300 million of annual revenue today. For more information please visit: www.saturnee.com.
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