Averna Expands its Asian and North American Footprint with the Acquisition of Global Equipment Services, Inc. from Kimball Electronics, Inc.

Rhea-AI Summary

Averna, a global test & quality solutions provider, has acquired Global Equipment Services, Inc. (GES) from Kimball Electronics, Inc. (Nasdaq: KE). This strategic move expands Averna's presence in Asia and North America, adding 600 new employees and offices in Vietnam, China, India, Japan, and Silicon Valley. The acquisition creates one of the largest independent system integrators in test automation, with 1,200 employees across 20 offices in 11 countries.

GES specializes in automation, test, and measurement solutions for industries like consumer electronics, semiconductor, and medical devices. The merger combines both companies' strengths, enhancing Averna's global footprint and technical capabilities. With this acquisition, Averna gains 160,000 ft² of new manufacturing space, including class 100K and 10K clean rooms, positioning itself to tackle large-scale customer challenges worldwide.

Positive

• Expansion into key Asian markets and Silicon Valley
• Increase in workforce by 600 employees, reaching a total of 1,200
• Addition of 160,000 ft² of manufacturing space, including specialized clean rooms
• Enhanced technical capabilities in automation, vision, and test engineering
• Access to GES's client database and expertise in various industries

Negative

• Potential integration challenges with new offices and workforce
• Increased operational complexity due to expanded global presence

600 new employees will be based in Asia and the U.S., with offices in Vietnam, China, India, Japan and Silicon Valley.

MONTREAL, Aug. 1, 2024 /PRNewswire/ - Averna, a leading global test & quality solutions provider, announced the acquisition of Global Equipment Services, Inc. (GES), a division of Kimball Electronics, Inc. (Nasdaq: KE) specialized in automation, test and measurement solutions for industries such as consumer electronics, semiconductor and medical devices.

This strategic acquisition combines both companies' strengths and footprint to create one of the largest independent system integrators in test automation with 1,200 employees across 20 offices within 11 countries. New Averna locations will include Ho Chi Minh, Vietnam; Suzhou, China; Trivandrum, India; Tokyo, Japan and San Jose, United States with technical support in the Philippines, Taiwan, South Korea, Malaysia, and Thailand.

"As our global customers' operations spread across all continents, it was important for us to join forces with the right team and establish a significant presence in diverse geographies in Asia," explains François Rainville, President and CEO of Averna. "With this acquisition, Averna now has a solid footprint in the Americas, Europe and Asia where the majority of our customers' research & development and manufacturing activities are taking place. Combine that with the in-depth automation, vision and test engineering capabilities of the team and their impressive client database, GES was clearly the right fit."

GES customers include both Original Equipment Manufacturers (OEMs) as well as their Contract Manufacturers (CMs). Core technical capabilities include optical metrology and defect detection, image processing/software, and micro-alignment of components/parts for products. GES offers a wide scope of automation and inspection equipment, including functional testing, cosmetic inspection, and assembly applications across all markets.

"Being part of Kimball Electronics, we have been exposed to many large-scale projects." said Chris Thyen former Vice President, New Platforms at GES and now Vice-President, Averna APAC. "By joining forces with Averna, not only will we be exposed to a new landscape of test, but we can share our expertise in different areas of quality innovation." 

This acquisition solidifies Averna as a leader in test, measurement, and quality. By adding over 160,000 ft² of new manufacturing space, including class 100K and 10K clean rooms, Averna is solidly prepared to take on large customer challenges, anywhere in the world.

For more information on Averna, please visit their website.

About Averna

As a global test & quality solution integrator, Averna partners with product designers, developers, and OEMs to help them achieve higher product quality, accelerate time to market and protect their brands. Founded in 1999, Averna offers specialized expertise and innovative test, vision inspection, precision assembly and automated solutions that deliver substantial technical, financial and market benefits for clients in the aerospace, automotive, consumer electronics, energy, industrials, medical devices & life sciences, semiconductor, telecom and other industries. Averna has offices around the world, numerous industry certifications such as ISO 9001:2015, ITAR registration, and is partnered with NI, Eclipse Automation, PI, Keysight Technologies and JOT Automation. www.averna.com 

© Copyright 2024 Averna. All rights reserved. Information subject to change without notice. Averna is a trademark of Averna Technologies Inc.

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SOURCE Averna Technologies Inc.

FAQ

What companies are involved in the acquisition announced on August 1, 2024?

Averna acquired Global Equipment Services, Inc. (GES), a division of Kimball Electronics, Inc. (Nasdaq: KE).

How many new employees and locations did Averna gain through the GES acquisition?

Averna gained 600 new employees and new locations in Vietnam, China, India, Japan, and Silicon Valley, with additional technical support in several other Asian countries.

What is the total number of Averna employees and offices after the acquisition?

After the acquisition, Averna has 1,200 employees across 20 offices within 11 countries.

What industries does GES specialize in?

GES specializes in automation, test, and measurement solutions for industries such as consumer electronics, semiconductor, and medical devices.

How much new manufacturing space did Averna gain through the acquisition?

Averna gained over 160,000 ft² of new manufacturing space, including class 100K and 10K clean rooms.