PhotonStar LED Group PLC, has acquired Camtronics Vale Limited.
Based in Tredegar Wales, Camtronics is a specialist contract assembly company, focusing on complex electronic products covering everything from surface mount PCB population to final product assembly, test and distribution. The acquisition of Camtronics will provide PhotonStar with an expanded manufacturing base as it continues to broaden its presence in the LED lighting space. It is expected to be earnings enhancing in the first full financial year of ownership.
James McKenzie, CEO of PhotonStar said:
"We are delighted to welcome Camtronics to the Group and look forward to developing the expertise within both companies. This acquisition provides us with technical strength and capability in surface mount electronics and reduces planned capital equipment spend."
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