PCB maker Viasystems to acquire rival DDi Corp for $268 mn

Printed circuit boards maker Viasystems Group Inc yesterday struck a deal to acquire its smaller rival DDi Corp, for about $268 million in cash, to expand its products portfolio.

Founded in 1978, Anaheim, California-based DDi is a provider of time-critical technologically advanced electronic interconnect design, engineering and manufacturing services to commercial and military customers.

It offers services to leading electronics OEMs and contract manufacturers worldwide from its facilities across North America and with manufacturing vendors in Asia.

DDi has over 1,000 PCB customers in various market segments including communications and computing, military and aerospace, industrial electronics, instrumentation, medical and high-durability commercial markets.

DDi, which operates primarily in North America, has seven manufacturing facilities in the US and Canada.

With this acquisition, Viasystems will combine its large, high volume footprint in China and North America with DDi's high mix, low volume footprint in North America to create a clear leader in the printed circuit board industry with global capabilities and scale.