Beyond the Board: The Future of Innovation—Why the Electronics Industry Needs You
American Made Advocacy: New Congress, New Opportunities
The Government Circuit: News on Defense Electronics, Europe, and Sustainability
Scanfil Acquires SRX, Expanding its Presence in Asia Pacific
October 7, 2024 | ScanfilEstimated reading time: 1 minute
Scanfil has acquired SRXGlobal Pty Ltd. for EUR 23.3 million (USD 25.7 million), marking a key step in its Asia Pacific expansion. This acquisition includes SRX factories in Melbourne, Australia, and Johor Bahru, Malaysia, with 8 automated SMT lines and about 300 employees.
“The acquisition of SRX is a step in building up our presence in Asia Pacific region and the implementation of our strategy. It creates synergies in procurement, improves geographic diversification and strengthens our customer portfolio”, says Christophe Sut, CEO of Scanfil. “The acquisition brings us new customers and allows our existing customers to expand their operations with us in the new areas of the fast-growing Asia Pacific region. For SRX employees, a bigger and more international company creates new career and personal development opportunities. I want to welcome all our new employees to be part of the growing Scanfil family”.
“We have a lot in common with Scanfil with our Medical and Industrial focus, complex manufacturing capabilities and, importantly, genuine pride in the people we employ – creating a team that can deliver world class operational performance takes time and dedication” comments Paul Appleby, CEO of SRX. “For almost 30 years, SRX has provided exceptional service in Australia and Malaysia and developing meaningful relationships with our staff, customers, and suppliers. Culturally, we are very close to Scanfil and share similar values with high work ethic, professionalism in all things we do, and strong customer focus. I am thrilled that SRX is now part of the Scanfil family, and I look forward to seeing SRX grow stronger under the new ownership structure”.
Financial highlights show SRX’s robust performance, with turnovers of EUR 41,956,000 and EUR 39,009,000 for the years ending June 30, 2023, and June 30, 2024, respectively.
The EUR 23.3 million (USD 25.7 million) acquisition will be financed with Scanfil’s liquid assets. Additionally, the seller may earn up to EUR 10.5 million (USD 11.6 million) based on the financial performance of 2024 and 2025. The transaction has a minimal impact on Scanfil’s Net Debt/EBITDA ratio, staying below the target of 1.5x.
Scanfil’s financial outlook for 2024 remains unchanged.
Share on:
Suggested Items
Hana Microelectronics Reports 2024 Financial Results
02/28/2025 | Hana Microelectronics GroupSales Revenue: Decreased by 5% year-over-year to THB 24,801 million in 2024, down from THB 26,152 million in 2023. In USD terms, sales revenue decreased by 6% to USD 703 million in 2024, compared to USD 751 million in 2023.
LITEON Technology Reports 2024 EPS of NT$5.21 Q4 Sales Reached NT$38.3 Billion
02/27/2025 | LITEON TechnologyLITEON Technology reported the fourth quarter consolidated sales of NT$38.3 billion, up 4% Y-o-Y. Cloud & AIoT achieved an annual growth of over 20%, driving overall revenue back to a positive growth trajectory.
Technica USA and Electra Polymers: Driving Success in Ink Jet Solder Mask Across North America
02/27/2025 | Technica USATechnica and Electra Polymers have achieved remarkable success in the ink jet solder mask market. Electra Polymers is the dominant force in North America, holding an overwhelming market share north of 80% with its ElectraJet® EMJ110 solder mask.
AT&S Appoints Dr. Michael Mertin as New CEO
02/26/2025 | AT&SThe Supervisory Board of AT&S decided to appoint Dr. Michael Mertin as member of the Management Board and Chief Executive Officer (CEO) of the company with effect from May 1, 2025 and a term of three years.
Yamaha Motor to Launch New YRP10e Entry-Level Solder Paste Printer
02/26/2025 | Yamaha Motor Europe Robotics, SMT SectionYamaha Motor Europe Robotics SMT Section announces that it will release the new YRP10e solder paste printer on April 1 of this year.