Singapore-based electronics firm Flextronics has bought US-based Saturn Electronics & Engineering, a supplier of electronics manufacturing services, solenoids and wiring for the automotive, appliance, consumer, energy and industrial markets. Based in Rochester Hills, Michigan, Saturn Electronics & Engineering recently reported more than US$300 million in annual revenue.

Said Chris Obey, President of Flextronics Automotive. "Our combined capabilities will provide customers with an expanded range of services in automotive energy management and vehicle electronics."

Gary Lawrey, CEO of Saturn, said, "Flextronics' global presence and stability, along with its commitment to the markets where we operate, make this a perfect fit for the Saturn team. Flextronics' supply chain expertise, vertical integration capabilities and global scale will provide great benefit to our customers in terms of increased speed to market and lower cost solutions."

Flextronics manufactures electronics and solenoids for companies in Microsoft's product line, such as the Xbox 360 and Zone. In automotive, Flextronics supplies products and services for lighting, interior, power electronics and connectivity.

(PRA)

Electronic Editions 2012