By Jon Bernstein, 17 July 2001 07:55
NEWS Consolidation continued in the electronic components sector yesterday when Silicon Valley-based Sanmina bought close rival SCI Systems in a $4bn deal. The acquisition, likely to be completed in early 2002, will create a firm with annual sales of $14bn with 100 manufacturing sites across 20 countries. Customers include HP and Dell. Further rationalisation cannot be ruled out however in a sector that has seen surplus production of telecoms, PC and networking equipment.
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