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.
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."
Crain's Detroit Business reported that Saturn generated revenue of
$289.6 million in 2011. As of Jan. 1, it employed 1,958 — 66 local
full-time employees and 231 throughout Michigan.
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,