APCT Agrees to Acquire and Merge with Advanced Circuits
APCT, a designer and custom manufacturer of advanced technology printed circuit boards, has entered into a definitive agreement to acquire and merge with Advanced Circuits, Inc. and its affiliated entities and subsidiaries (collectively, “Advanced Circuits” or “ACI”). APCT, headquartered in Santa Clara, California, is a portfolio company of Industrial Growth Partners.
Advanced Circuits is a software-enabled designer and manufacturer of small-run, quick-turn and low volume production printed circuit boards, including multi-layer rigid and high-density interconnect (HDI) products. Advanced Circuits’ wide range of capabilities also includes large format, heavy copper, and RF circuits. The Company specializes in rapid prototype and low-volume production manufacturing for critical applications within the aerospace & defense, medical and other industrial markets.
“The addition of Advanced Circuits expands our multi-layer rigid, HDI and specialty product offerings. Further, ACI will bring several commercial and operational software solutions to enhance our APCT customer experience. I am thrilled to welcome each member of the Advanced Circuits team to the APCT family,” commented Steve Robinson, CEO of APCT.
“APCT is the ideal partner for ACI, with both companies possessing long-term, positive reputations and a mutual passion for customer satisfaction. We look forward to accelerating growth through our enhanced sales presence and leveraging the combined company’s offering from multi-layer rigid, HDI, rigid-flex, flexible circuits, and global program management for our customers,” said John Yacoub, CEO of ACI.
On January 10, 2023, APCT entered into a definitive agreement to acquire and merge with ACI. The closing of this transaction is subject to customary terms and conditions, including regulatory approval, and is expected to occur in February 2023. Following the merger, ACI will operate as a wholly owned subsidiary of APCT. APCT and IGP continue to seek add-on acquisitions that can enhance APCT’s position as a designer and custom manufacturer of low volume, high mix advanced technology printed circuit boards. To learn more about APCT and Advanced Circuits, please visit www.apct.com and www.4pcb.com, respectively.