Cemtrex, an industrial and manufacturing solutions company, has completed the previously announced acquisition of a German electronics manufacturing company, Periscope, located in northern Germany.
Periscope is focused on electronic manufacturing services primarily for the major German automotive manufacturers, including Tier 1 suppliers in the industry, as well as for industries like telecommunications, industrial goods, luxury consumer products, display technology, and other industrial OEMs. Periscope has more than 35 years of industrial operating experience.
Cemtrex already has a German subsidiary in the electronics manufacturing sector and with this acquisition, it will secure a broader base and larger market share in the Eurozone. With Periscope, Cemtrex becomes a leading EMS company in Germany, ranking among the top 15. [Read more…] about Cemtrex completes ‘synergistic’ acquisition of Periscope