PCB Technologies Buys California Firm for $120 Million
Translated & summarized from TheMarker by baba
PCB Technologies has agreed to acquire U.S. firm Gorilla Circuits for $120 million. The acquisition aims to boost PCB Technologies' presence in the American market, especially in the aviation and defense sectors. Gorilla Circuits employs over 320 people and serves more than 700 clients.
The story in 5 lines · by baba
- PCB Technologies will acquire California-based Gorilla Circuits for $120 million.
- The acquisition aims to expand PCB Technologies' reach in the U.S. market.
- Gorilla Circuits serves over 700 clients in high-tech and defense.
- Gorilla Circuits employs more than 320 people.
- PCB Technologies' stock rose following the announcement.
Israeli company PCB Technologies announced Thursday it has signed an agreement to acquire U.S.-based Gorilla Circuits. The deal values the California company at $120 million.
Gorilla Circuits employs over 320 people and serves more than 700 clients in the high-tech and defense sectors. The acquisition is intended to expand PCB Technologies' presence in the American market, particularly within the aviation and defense industries. PCB Technologies' stock saw an increase in response to the news.
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