Printed circuit board provider Viasystems Group, Inc. (VIAS) said Friday that it has completed the $283 million acquisition of DDi Corp. (DDIC)
Proceeds from a private placement of $550 million 7.875% Senior Secured Notes due 2019 by Viasystems, Inc., a wholly owned subsidiary of the company, were used to fund the acquisition. David M. Sindelar, chief executive officer of Viasystems, said, "This acquisition creates a combined company with a substantial North American manufacturing presence serving high-mix, low-to-medium-volume needs of customers, to complement a significant high-volume manufacturing footprint in China."
The combined company now has over 15,600 employees and manufacturing floor space exceeding 4.3 million square feet in China and 1.0 million square feet in China and 1.0 million square feet in North America.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.