Platinum Equity To Sell PCI To Celestica For $306 Mln In Cash

(RTTNews) - Platinum Equity, a Los Angeles-based global private equity firm, agreed to sell PCI Limited, an electronics manufacturing services provider based in Singapore, to Celestica Inc. (CLS, CLS.TO) for $306 million in cash.

The sale is expected to close in mid-fourth quarter of 2021.

PCI is a fully integrated design, engineering and manufacturing solutions provider with six manufacturing and design facilities across Asia. The business serves diverse end-markets, including the automotive, industrial equipment, commercial, consumer/lifestyle, and medical segments.

Platinum Equity acquired PCI in April 2019 in a public-to-private transaction. The PCI investment was led by Platinum Equity's Singapore office.