Electronics is what comes in between.
The robust growth in automotive end market electronics is rooted in consumer demand for safer and more functional vehicles. Consequently, the need for highly reliable electronic assemblies, capable of meeting the tightest industry standards,
has never been greater. Kimball Electronics, long a leader in the automotive market, remains committed to advancing creative EMS solutions to accommodate ever-evolving technologies and consumer preferences. As a pioneer in producing braking
and steering electronics, Kimball Electronics has acquired unique market experience and knowledge, positioning it as a premiere EMS player for the exacting demands of Advanced Driver Assistance Systems.
Learn what Kimball Electronics
can do for you.
Our automotive group has continuously delivered on time and on quality to our global Tier 1 customers for over 25 years. We are certified to IATF 16949 requirements and work to manage our supply chain to offer the best value to our customers over the course of the product lifecycle.
The Automotive-dedicated team will provide you with a single point of contact over the course of our partnership to ensure the ease of communication necessary to be flexible with market changes, from NPI to Aftermarket Support.
In every project, our goal is to support our customers' needs with the right mix of services, facility build site options, and technical expertise.
Our global footprint, core competencies, Industry 4.0 experience, and core values ensure lasting relationships and global success.
Focused
Aligned
Disciplined
Committed
We are focused, aligned, disciplined, and committed to providing our customers with the highest-reliability and highest-quality in automotive electronics manufacturing. Since 1985, we have been committed to advancing creative EMS solutions to accommodate ever-evolving technologies and consumer preferences rooted in the demand for safer and more functional vehicles in the automotive industry.
Oct 01, 2018
JASPER, Ind., Oct. 01, 2018 (GLOBE NEWSWIRE) -- Kimball Electronics, Inc. (NASDAQ:KE) announced today that it has, acting through its wholly-owned subsidiaries, completed the purchase of substantially all of the assets and assumed certain liabilities of GES Holdings, Inc., Global Equipment Services and Manufacturing, Inc., and its subsidiaries (collectively "GES"). As previously announced, the price was approximately $50 million plus the assumed liabilities.
“The acquisition of GES is the first significant step in our new platform strategy and our plans to continue our development beyond EMS to a multifaceted manufacturing solutions company,” stated Chris Thyen, Vice President, New Platforms, Kimball Electronics, Inc. “GES brings us new technologies and capabilities in automation, test, and measurement that will open new doors with new and existing customers.”
“We are all very excited to be joining the Kimball family and to continue our journey with our new colleagues. Both companies have a long track record of customer service excellence. Together, we have an even greater opportunity to help build our customers’ success,” stated Don Tran, Vice President, General Manager, GES.
“I am delighted to welcome the GES global team and the additional expertise they will bring our global company,” stated Don Charron, Chairman and CEO, Kimball Electronics, Inc. “I look forward to working with Chris and Don Tran as we execute our new platform strategy involving GES and continue our relentless pursuit to build lasting relationships and global success.”
In fiscal year 2019, GES is expected to add 4 to 6%, reflecting seasonality, to Kimball Electronics consolidated net sales and to be neutral to slightly accretive to earnings per share.
About
GES, headquartered in San Jose, California, specializes in production processing and test equipment design, volume manufacturing, and global services for the semiconductor and electronics product manufacturing industry. GES has business operations in China, India, Japan, the United States, and Vietnam.
To learn more about GES, visit: www.geservs.com.
About
Recognized with a reputation for excellence, Kimball Electronics is committed to a high performance culture that values personal and organizational commitment to quality, reliability, value, speed, and ethical behavior. Kimball Electronics employees know they are part of a company culture that builds lasting relationships and global success for customers while enabling employees to share in the Company’s success through personal, professional, and financial growth.
Kimball Electronics trades under the symbol "KE" on the NASDAQ Stock Market. Kimball Electronics is a global contract electronics manufacturing services (“EMS”) company that specializes in durable electronics for the automotive, medical, industrial, and public safety end markets. Kimball Electronics also offers diversified contract manufacturing services for non-electronic components, medical disposables, plastics, and metal fabrication. Kimball Electronics is well recognized by customers and industry trade publications for its excellent quality, reliability, and innovative service. From its manufacturing operations in the United States, China, Mexico, Poland, Romania, and Thailand, Kimball Electronics provides contract manufacturing services, including engineering and supply chain support, which utilize common production and support capabilities to a variety of industries globally. Kimball Electronics is headquartered in Jasper, Indiana.
To learn more about Kimball Electronics, visit: www.kimballelectronics.com.
Lasting relationships. Global success.
CONTACT: Adam W. Smith
Treasurer
Telephone: 812.634.4000
E-mail: Investor.Relations@kimballelectronics.com
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