PCB Technologies Acquires US Firm Gorilla Circuits for $120 Million
Translated & summarized from Calcalist by baba
Israeli company PCB Technologies announced its acquisition of U.S.-based Gorilla Circuits for $120 million, pending regulatory approval. The deal aims to expand PCB's U.S. presence and diversify its customer base in key sectors like technology and defense. Gorilla Circuits reported $92 million in revenue in 2025. The acquisition is expected to help PCB mitigate U.S. import tariffs.
The story in 5 lines · by baba
- PCB Technologies will acquire U.S. firm Gorilla Circuits for $120 million.
- The acquisition is subject to approval from the U.S. Committee on Foreign Investment.
- Gorilla Circuits generated $92 million in revenue in 2025.
- The deal aims to expand PCB's operations and customer base in the U.S.
- Acquiring Gorilla Circuits may help PCB reduce exposure to U.S. import tariffs.
PCB Technologies is set to acquire the American company Gorilla Circuits for a valuation of $120 million. Through a subsidiary, PCB will purchase 100% of Gorilla's shares, pending approval from the U.S. Committee on Foreign Investment. The final price will be subject to adjustments outlined in the agreement. Gorilla Circuits, which manufactures printed circuit boards and assembles electronic components, employs over 320 workers, mirroring PCB's operations.
PCB Technologies, led by CEO Ovad Shapira and Chairman Alon Granot, is a company without a controlling core, having previously been controlled by the FIMI Fund managed by Yishai Davidi. The company is traded on the Tel Aviv Stock Exchange with a market capitalization of 1 billion shekels.
According to PCB, the acquisition is expected to significantly expand its U.S. operations, diversify its customer base, and deepen its presence in the chip, technology, aviation, and defense sectors. In the first half of 2026, technology and chip sectors accounted for approximately 35% of Gorilla's sales, while aviation and defense represented 40%. Gorilla's revenues reached $92 million in 2025, up from $69 million in 2024, with $55 million in the first half of 2026.
In comparison, PCB's second-quarter revenues were 139 million shekels, down from 150 million shekels in the same period last year, with profits at 3 million shekels versus 5 million shekels. PCB serves the American market through production in Israel and export, alongside its existing U.S. activities. The acquisition of an American company could also help PCB reduce its exposure to tariffs on imports into the U.S.
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