Havant-based Outsource Electronics Limited now part of Season Group
Jun 28, 2013
Global, vertically integrated Electronics Manufacturing Services (EMS) provider, Season Group, has completed the acquisition of Outsource Electronics Limited (OEL) in the UK.
The deal follows the acquisition of leading UK embedded computer systems company, DSP Design in Chesterfield, East Midlands, in 2012 and forms part of the group's strategy to grow its global offering in line with customer demand.
Amongst the many benefits available from the OEL site:
• new customers will be able to utilize Season Group's global expertise in right-shoring - i.e. the building of products in the ideal geographic location to minimise cost whilst also achieving the necessary supply chain flexibility for the customer's end market - whether in the UK, Asia or elsewhere;
• UK companies will be able to validate their designs prior to volume manufacturing moving off-shore; and
• The facilitation of selected product moving back from its current manufacturing location in Asia to the UK.
Carl Hung, President and COO of Season Group, said: "Since our Memorandum of Understanding with OEL we have received numerous requests from customers looking to consolidate all of their products under one umbrella and leverage Season Group's in-house cable and plastics capabilities for their benefit.
"Not only does this acquisition enable customers to accelerate this activity, but we are able to provide customers with the expertise and global footprint needed when right-shoring their production."
Under its new ownership structure, OEL will continue to be managed by the existing highly-experienced management team. The company is also pushing ahead with plans to further develop the Havant site.
Chris Coldbreath, Managing Director of OEL said: "We are delighted to announce the completion of this acquisition. We believe this gives us the necessary impetus to grow the Havant site further and add maximum value to both our existing and new customer base."
He added: "We are already bidding on contracts that could be worth around $40m based on some production at OEL and some in Season China. This would not have been possible if we were not working together."
Season Group now provides PCBA, Electromechanical Assembly, Cable Assembly and After Market Services in both Europe and North America whilst its Malaysia and China sites continue to provide the best overall manufacturing solution for many OEMs looking to increase sales in those markets.
Season Group is also actively looking to increase its global EMS footprint further through acquisition.