Flextronics acquires Saturn Electronics

DETROIT -- Flextronics said Monday (Dec. 3) that it has acquired Saturn Electronics & Engineering, Inc. (Rochester Hills, Mich.), a supplier of electronics manufacturing services, solenoids and wiring for the automotive, appliance, consumer, energy and industrial markets. Additional terms of the deal were not disclosed.

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

Gary Lawrey, president and chief executive officer 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."

The company, which derives 70 percent of its revenues from automotive, has six locations, including its headquarters in Coopersville, Mich., as well as Mexico, the Philippines and China, Crain's reported.