Keywords
Citation
(2002), "CMK takes equity stake in photocircuits", Circuit World, Vol. 28 No. 4. https://doi.org/10.1108/cw.2002.21728dab.010
Publisher
:Emerald Group Publishing Limited
Copyright © 2002, MCB UP Limited
CMK takes equity stake in photocircuits
Keywords: CMK, Photocircuit
Photocircuits Corporation has announced that CMK Corporation has taken an equity stake in Photocircuits.
Both companies have agreed to definitive terms for the transaction. CMK will purchase Photocircuits' debt with the expectation of converting it into equity stock in privately held Photocircuits.
CMK's investment in Photocircuits represents an important step toward uniting two of the world's premiere independent board makers. Customers and prospective customers worldwide will benefit from access to the extensive manufacturing, technology, and service resources both companies offer. This move is timed to take advantage of the turmoil within the printed-circuit manufacturing industry that has left many board users uneasy about buying from their competitors or worrying about the viability of their suppliers.
Through Photocircuits, CMK gains immediate market presence and access to broad manufacturing, service, and marketing capabilities in North America. Through CMK, Photocircuits gains access to substantial manufacturing capacity for numerous and varied board technologies, and to extensive Asian and European manufacturing capacity. The combined companies will service all market segments throughout Europe, the Americas, and Asia.