To boost its fiber optics exposure, SMTC Corp. said today it will purchase a manufacturer based in Ireland that specializes in single-mode and multi-mode fiber optic connector assemblies.
SMTC, a Markham, Ontario-based contract electronics manufacturer, signed a letter of intent to acquire Qualtron Teoranta, a maker of custom cable and harness interconnect devices in Donegal, Ireland. Qualtron operates a 40,000-sq.-ft. plant in Donegal and has a 15,000-sq.-ft. facility in Haverhill, Mass. Last year, the Irish cable maker, with 300 employees, generated revenue of $28 million.
To keep pace with other CEMs and expand its service offerings, SMTC has been raising its profile. Last year, the Canadian CEM acquired W.F. Wood, a high-precision enclosure business in Boston. This year, SMTC became a public company and purchased Pensar Corp., an Appleton, Wis., design and product-development company.
"Qualtron's specialization in cable and harness interconnect is very important to us, along with its focus on the optical networking space," said Paul Walker, SMTC's president and chief executive. "This acquisition will fit well with our core strategy of providing our customers with value added services within our integrated supply chain."
SMTC serves OEMs in the computing, fixed and wireless communications and networking markets.