Power Conversion Company Acquires India-Based Firm
Aug 8, 2007 1:16 PM
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Red Rocket has purchased the switching power supply business of Celetronix Power India Private Limited (CPIPL), a registered company in Mumbai, India, and an indirect wholly owned subsidiary of Jabil Circuit. The acquisition by Red Rocket includes all of the capital stock of CPIPL, the product design and manufacturing operations in Mumbai, India. It also includes the global customer base, products, patents, brands and approximately 105 employees and approximately 550 contract personnel related to the business.
Red Rocket plans to invest in design, manufacturing and service potential of the India facilities and expertise of employees. With approximately 100,000 square feet of manufacturing space and design facilities, the company will expand its valued-added design services, product-support and repair services and out-source manufacturing.
