Benchmark Electronics acquires EMS unit from CTS for $75M

|About: Benchmark Electronics Inc (BHE)|By:, SA News Editor

Benchmark Electronics (BHE -1%) acquires the Electronics Manufacturing Solutions unit of CTS for $75M.

The division employs ~1K employees in 4 North American and 1 Asian location.

Management expects the acquisition to generate incremental revenues in excess of $200M and be accretive in 2014.