PARPRO Acquires Cal Quality Electronics
Provides further global expansion of fast markets, serving the Medical, Industrial, Defense Aerospace Markets
Carlsbad, CA –Â PARPRO, a full service Embedded Design Solutions and Manufacturing Services company, today announced that it has acquired privately-held Cal Quality Electronics (CQE). Based in Southern California, Cal Quality Electronics is an Electronics Manufacturing Services (EMS) company serving OEM customers in the medical, industrial, communications, and aerospace and defense markets. The acquisition of CQE will expand PARPRO’s US based EMS capabilities and complement PARPRO’s ‘global ODM strategy’, providing customers with a total solution that extends far beyond traditional electronics manufacturing services. The companies’ combined capabilities along with our Asian Supply Chain will provide customers maximum flexibility. The addition of CQE represents a natural extension of PARPRO’s vision and long term commitment to offering world-leading design and manufacturing solutions, making PARPRO manufacturing offerings competitive at virtually any volume and with any sourcing strategy.
“The CQE business aligns well with our mission and is an excellent strategic fit for our existing Design Engineering, EMS and ODM business,” said Thomas Sparrvik, PARPRO CEO. “CQE is a solid business with a history of good performance and strong client relationships, and this acquisition provides PARPRO’s entrance into new vertical markets as well as further enhancing our depth and breadth of capabilities within the electronic and electromechanical value chain.
"We are very excited to be part of this great company, and believe the efforts of our combined teams will bring added value and greater opportunity to our business partners and customers," said Sunil Kumar, Cal Quality Electronics CEO. “As an AS9100, ISO 13485 Certified, and ITAR registered company, we have an excellent reputation in the industry for manufacturing quality products, on-time, and believe we are now even better positioned to serve OEMs with solutions that meet each customer’s unique requirements. We see great synergies between the management teams and look forward to the additional support, enhanced capabilities, and global reach that PARPRO as a whole has to offer.”
“CQE is the third acquisition for PARPRO in a similar market space within recent years that expands our geographic presence,” said Laihwang Lo, PARPRO CFO. “In selecting CQE, we identified synergistic opportunities across PARPRO’s existing business units, and expect the addition of this new business to provide an even more comprehensive end-to-end solution for customers, plus enhance our growth strategy and provide increased shareholder value. PARPRO now has 4 manufacturing locations worldwide including low cost regions in Asia and Mexico, and a US-based engineering design center providing customers a global manufacturing presence coupled with related design engineering services.”
About PARPRO
PARPRO is a full service design manufacturing company with an emphasis on ODM solutions. We offer a comprehensive engineering-rich hardware systems with low-to-high volume manufacturing and integration/test capabilities, and pride ourselves on delivering simple to complex solutions making our manufacturing offerings competitive at virtually any volume and with any sourcing strategy. We serve customers in the aerospace, gaming, telecommunications and industrial markets providing time savings and cost optimization by minimizing margin stacks throughout the value chain. PARPRO is a public company traded on the Taiwan stock exchange – PARPRO (4916:TW). For more information on investor relations reporting and regulatory information – please click here. For more information, press only: Justine Uyemura (760) 931-7800 - juyemura@parpro.com
About Cal Quality Electronics
Cal Quality Electronics (CQE) is a leader in the Electronics Manufacturing Services (EMS) industry serving OEM customers in the medical, industrial, computing/communications, and aerospace/defense markets. As an ISO 9001:2008, ISO 13485:2003, AS9100C certified, and ITAR registered EMS company, CQE provides both consignment and full turnkey manufacturing services including custom PCBA, cable assembly, and full system integration. Cal Quality Electronics, Inc. was founded in 1981 and is located in Santa Ana, California.
