NATEL and OnCore Announce Completion of Merger Agreement
CHATSWORTH, Calif., April 13, 2015 /PRNewswire/ — NATEL Engineering Co., Inc. and OnCore Manufacturing, LLC have completed the recently announced merger of the companies.
The new company is one of the largest privately held Electronic Manufacturing Services (EMS) companies in North America, focused on the medical, industrial, and aerospace and defense markets through its combined thirteen facilities. The company will be headquartered in Chatsworth, CA. Sudesh Arora, Chief Executive Officer and President of NATEL, will become the CEO and President of the merged company. Sajjad Malik, CEO of OnCore, will join the management team as Executive Vice President.
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NATEL and OnCore together offer a full suite of product realization services from conceptual product design services, microelectronic devices, to tailored manufacturing solutions for large and complex systems. With vastly expanded capabilities, a complementary manufacturing footprint, and similar market sector focus, the new organization offers unmatched excellence in electronics assembly and engineering solutions for the Industrial, Medical Device and Aerospace and Defense markets.
“We now have the ability to accelerate our customers’ time-to-market requirements due to our expanded capabilities from engineering product design to interconnect solutions to microelectronics capabilities to integrated complex box builds,” said Mr. Malik.
“We are very excited about the strategic merger of our companies. Together our combined solution offerings will allow us to fulfill more of our customers’ product commercialization and life cycle requirements differentiating us as their EMS partner of choice,” said Mr. Arora.