OMNI-LITE INDUSTRIES ANNOUNCES ACQUISITION OF ELECTRONIC COMPONENTS, INC.
Omni-Lite Industries (OLNCF) has announced the strategic acquisition of Electronic Components, Inc. (eComp) in an all-cash transaction valued at US$350,000. eComp, based in Framingham, Massachusetts, is a value-added distributor of hard-to-find electronic components serving the aerospace & defense, medical, and energy sectors.
The acquisition is expected to provide immediate positive earnings and expand Omni-Lite's presence in the high-performance electronics space, particularly in the Aerospace & Defense industry. eComp brings established customer relationships and expertise in delivering electronic solutions for obsolescence, technology upgrades, and diminished source issues.
The integration aims to combine eComp's customer relationships with Monzite's electronic technology capabilities, while adding an experienced sales force to strengthen Omni-Lite's pipeline of opportunities in new platforms and sustainment/modernization of mature programs.
Omni-Lite Industries (OLNCF) ha annunciato l'acquisizione strategica di Electronic Components, Inc. (eComp) in un'operazione interamente in contanti del valore di 350.000 dollari USA. eComp, con sede a Framingham, Massachusetts, è un distributore a valore aggiunto di componenti elettronici difficili da reperire, che serve i settori aerospaziale e della difesa, medico ed energetico.
L'acquisizione dovrebbe generare immediatamente utili positivi e ampliare la presenza di Omni-Lite nel settore dell'elettronica ad alte prestazioni, in particolare nell'industria aerospaziale e della difesa. eComp porta con sé relazioni consolidate con i clienti e competenze nella fornitura di soluzioni elettroniche per obsolescenza, aggiornamenti tecnologici e problemi legati alla scarsità di fonti.
L'integrazione punta a combinare le relazioni con i clienti di eComp con le capacità tecnologiche elettroniche di Monzite, aggiungendo una forza vendita esperta per rafforzare il portafoglio opportunità di Omni-Lite su nuove piattaforme e sul mantenimento/modernizzazione di programmi maturi.
Omni-Lite Industries (OLNCF) ha anunciado la adquisición estratégica de Electronic Components, Inc. (eComp) en una transacción totalmente en efectivo valorada en 350,000 dólares estadounidenses. eComp, con sede en Framingham, Massachusetts, es un distribuidor de valor agregado de componentes electrónicos difíciles de encontrar que atiende a los sectores aeroespacial y de defensa, médico y energético.
Se espera que la adquisición proporcione ganancias positivas inmediatas y amplíe la presencia de Omni-Lite en el ámbito de la electrónica de alto rendimiento, especialmente en la industria aeroespacial y de defensa. eComp aporta relaciones consolidadas con clientes y experiencia en la entrega de soluciones electrónicas para la obsolescencia, actualizaciones tecnológicas y problemas por escasez de fuentes.
La integración busca combinar las relaciones con clientes de eComp con las capacidades tecnológicas electrónicas de Monzite, añadiendo un equipo de ventas experimentado para fortalecer la cartera de oportunidades de Omni-Lite en nuevas plataformas y en el mantenimiento/modernización de programas maduros.
Omni-Lite Industries (OLNCF)는 현금 거래로 총 35만 달러에 Electronic Components, Inc. (eComp)를 전략적으로 인수했다고 발표했습니다. 매사추세츠주 프레이밍햄에 본사를 둔 eComp는 항공우주 및 방위, 의료, 에너지 분야에 어려운 전자 부품을 부가가치 유통하는 회사입니다.
이번 인수는 즉각적인 긍정적 수익을 제공하고 Omni-Lite의 고성능 전자 분야, 특히 항공우주 및 방위 산업 내 입지를 확장할 것으로 기대됩니다. eComp는 확고한 고객 관계와 전자 부품 노후화, 기술 업그레이드, 공급처 감소 문제에 대한 솔루션 제공 전문성을 보유하고 있습니다.
통합은 eComp의 고객 관계를 Monzite의 전자 기술 역량과 결합하고, 숙련된 영업 인력을 추가하여 Omni-Lite의 신규 플랫폼 및 기존 프로그램 유지/현대화 기회 파이프라인을 강화하는 것을 목표로 합니다.
Omni-Lite Industries (OLNCF) a annoncé l'acquisition stratégique de Electronic Components, Inc. (eComp) dans une transaction entièrement en espèces d'une valeur de 350 000 dollars américains. eComp, basée à Framingham, Massachusetts, est un distributeur à valeur ajoutée de composants électroniques difficiles à trouver, desservant les secteurs de l'aérospatiale et de la défense, médical et énergétique.
Cette acquisition devrait générer immédiatement des bénéfices positifs et étendre la présence d'Omni-Lite dans le domaine de l'électronique haute performance, notamment dans l'industrie aérospatiale et de la défense. eComp apporte des relations clients établies et une expertise dans la fourniture de solutions électroniques face à l'obsolescence, aux mises à niveau technologiques et aux problèmes de raréfaction des sources.
L'intégration vise à combiner les relations clients d'eComp avec les capacités technologiques électroniques de Monzite, tout en ajoutant une force de vente expérimentée pour renforcer le portefeuille d'opportunités d'Omni-Lite sur de nouvelles plateformes ainsi que dans la maintenance/la modernisation de programmes matures.
Omni-Lite Industries (OLNCF) hat die strategische Übernahme von Electronic Components, Inc. (eComp) in einer vollständig bar bezahlten Transaktion im Wert von 350.000 US-Dollar bekannt gegeben. eComp mit Sitz in Framingham, Massachusetts, ist ein Mehrwert-Distributor für schwer zu findende elektronische Bauteile und bedient die Luft- und Raumfahrt-, Verteidigungs-, Medizin- und Energiesektoren.
Die Übernahme soll sofort positive Erträge bringen und Omni-Lites Präsenz im Bereich der Hochleistungselektronik, insbesondere in der Luft- und Raumfahrtindustrie, ausbauen. eComp bringt etablierte Kundenbeziehungen und Expertise bei der Bereitstellung elektronischer Lösungen für Obsoleszenz, Technologierahmen und Quellenknappheit mit.
Die Integration zielt darauf ab, die Kundenbeziehungen von eComp mit den elektronischen Technologiekompetenzen von Monzite zu verbinden und ein erfahrenes Vertriebsteam hinzuzufügen, um Omni-Lites Chancen-Pipeline für neue Plattformen sowie für die Erhaltung/Modernisierung bestehender Programme zu stärken.
- Immediate positive earnings contribution expected
- All-cash transaction with no debt burden
- Expansion into high-performance electronics space
- Addition of trained and experienced sales force
- Access to new customer base in aerospace & defense sector
- Small acquisition size (US$350,000) indicates immediate impact on revenue
LOS ANGELES, CALIFORNIA and FRAMINGHAM, MASSACHUSETTS, April 23, 2025 (GLOBE NEWSWIRE) -- Omni-Lite Industries Canada Inc. (“Omni-Lite” or the “Company”) (TSXV: OML | OTCQX: OLNCF) is pleased to announce that it has today, signed and completed the strategic acquisition of Framingham, Massachusetts-based Electronic Components, Inc. (“eComp”), a leading value-added distributor of hard-to-find electronic components serving the aerospace & defense, medical, and energy sectors.
The acquisition was an all-cash transaction valued at approximately US
eComp has a strong reputation and long-standing customer relationships known for delivering electronic solutions for obsolescence, technology upgrades, and diminished source issues.
The addition of eComp is expected to open new sales channels and increase Omni-Lite’s visibility within the high-performance electronics space, particularly in the Aerospace & Defense industry. While this is a small acquisition, the business is anticipated to contribute positive earnings almost immediately. Longer run, Omni-Lite believes that eComp will add more to earnings by increasing the customer base for Omni-Lite’s current stable of products.
No finders or brokers fee was connected with this transaction. .
Management Comments
David Robbins, CEO of Omni-Lite, stated:
“I’m excited about combining eComp’s deep customer relationships with Monzite’s electronic technology capabilities to expand our revenue from high-performance electronic products for top aerospace and defense primes. The addition of eComp also brings a trained and experienced sales force, which will strengthen our pipeline of opportunities—particularly in new platforms and sustainment/modernization of mature programs.”
Richard Nadeau, President and Founder of eComp, added:
“We’ve solved critical sourcing challenges for customers across a variety of industries. I’m excited to partner with Monzite to bring even more value through their engineering expertise and innovative product capabilities.”
About Omni-Lite Industries Canada Inc.
Omni-Lite Industries Canada Inc. is an innovative developer and manufacturer of mission-critical, precision-engineered components used by Fortune 100 companies in the aerospace and defense industries. Through its subsidiaries, including Monzite Corporation and DP Cast, Omni-Lite provides high-reliability solutions from complex forming, investment casting and microelectronics assemblies.
About eComp Electronic Components Inc
eComp™ is a specialty distributor and authenticator of products for the military, aerospace, medical and industrial marketplace. We provide authenticity verification / value added services for legacy components and can offer engineering assistance and custom replacement solutions for obsolete products and systems.
For further information, please contact:
Mr. David Robbins
Chief Executive Officer
Tel: (562) 404-8510 or (800) 577-6664
Email: d.robbins@omni-lite.com
Website: www.omni-lite.com
Forward Looking Statements
Except for statements of historical fact, this news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intent”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking information in this press release includes, but is not limited to, the potential for the eComp acquisition and the expected future performance of the Company. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance, or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward- looking information. Forward-looking information is based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward- looking information include, but are not limited to: the ability to successfully integrate the eComp acquisition and realize the anticipated benefits, general economic conditions in Canada, the United States and globally; industry conditions, governmental regulation, including environmental consents and approvals, if and when required; stock market volatility; competition for, among other things, capital, skilled personnel and supplies; changes in tax laws; and the other risk factors disclosed under our profile on SEDAR at www.sedar.com. Readers are cautioned that this list of risk factors should not be construed as exhaustive.
The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FAQ
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