Techpoint, with the support of Literacy Capital, has today announced the completion of its first acquisition – leading electronics manufacturing services business, Bela Electronic Designs Ltd.
The strategic acquisition sees Techpoint strengthen its technical capability in providing complex electronics design and manufacturing activities, whilst providing a stronger foothold on early product development to its global manufacturing customer base.
Founded in 1986, by Mike Lafratta, Bela is now regarded as the one of the market leaders in the small to medium volume high complexity manufacturing niche. Bela have worked hard to establish an excellent reputation in the design and manufacture of printed circuit board assemblies (PCBAs) and the management team has ensured that the business remains close to its core values based primarily on service and integrity.
Dan Croft, Chairman of Techpoint, said: “Bela’s technical and highly proficient PCB design and manufacturing services perfectly complement Vanilla’s supply chain activities. The new partnership will provide manufacturing customers worldwide with a fully scalable manufacturing service, from early product design, design for manufacture support, through to volume production.”
Michael Knight, MD at Bela, said: “this exciting partnership will enable Bela to further enhance our engineering and manufacturing expertise offering our market leading capabilities to an ever-expanding premium customer base and a wider global market. The synergies between the two family businesses are compelling and with the planned investment, complimented by the desire and ambition of the team, the group can look forward to the next stage of growth with excitement and optimism.”
We continue to look at other acquisitions that add technical, regional and commercial value to the Group and its customers.