Platinum Equity, a Los Angeles-based global private equity firm, agreed to sell PCI Limited, an electronics manufacturing services provider based in Singapore, to Celestica Inc. (CLS,CLS.TO) for $306 million in cash.
The sale is expected to close in mid-fourth quarter of 2021.
PCI is a fully integrated design, engineering and manufacturing solutions provider with six manufacturing and design facilities across Asia. The business serves diverse end-markets, including the automotive, industrial equipment, commercial, consumer/lifestyle, and medical segments.
Platinum Equity acquired PCI in April 2019 in a public-to-private transaction. The PCI investment was led by Platinum Equity's Singapore office.
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