Benchmark Electronics Acquiring EMD Technologies for $51 Million
WINONA, Minn. (AP) _ Benchmark Electronics Inc., which makes printed electronics circuit boards and provides manufacturing services to electronics makers, is acquiring EMD Technologies Inc. for $51 million.
Privately held EMD Technologies is the parent company of EMD & Associates, also a circuit-board manufacturer. EMD co-founder Dave Arnold said selling EMD to a publicly traded company was a better option than taking the company public itself.
The deal, announced Wednesday, will close by June 30.
EMD is headquartered in Goodview, Minn. Benchmark is based in Angleton, Texas.