LONDON Stadium Group plc has acquitred Zirkon Ltd. for £2.5million cash.
Zirkon (Rugby, England), an EMS provider since 1999, brings additional high technology market experience to the group including expertise in the industrial instrumentation, security, medical and mobility sectors
The Zirkon manufacturing operations in Rugby, which covers 6,000 square metres, employs 84 people and has an annual turnover exceeding £7 million, will continue under the Stadium Electronics trading name.
The enhanced EMS capability now offers additional surface mount production bringing the total production to six lines, further test facilities including AOI, mechanical assembly and extended design and engineering resource.
“The acquisition of Zirkon is key to the development of Stadium Electronics and will play a significant role in the future growth of our business,” said Richard Reid, Stadium Electronics managing director.
“Zirkon are an experienced company with a solid reputation, and its customer base will benefit from the added support from Stadium Group, including access to our wholly owned operations in China for offshore manufacturing and global procurement.
“The acquisition, which complements the existing Stadium operations in Hartlepool, presents a great opportunity for expanding our business on the strength of our combined capabilities and synergy between the customers and markets served.”
Stadium Group plc (Hartlepool, England) employees 1400 people worldwide and incorporates Stadium Electronics, Stadium Power and Stadium Asia. It has manufacturing sites in Peterborough, Diss, Newbury and London. A manufacturing facility in China was acquired in 2000.