10 September 2024
Lonsdale Capital Partners (“Lonsdale”) backed Elite Electronics (“Elite”), a leading provider of Electronic Manufacturing Solutions (EMS), is excited to announce the strategic acquisition of CB Technology, a renowned Contract Electronics Manufacturer based in Livingston, Scotland. This acquisition marks a significant milestone in Elite’s ongoing expansion and reinforces its position as a leader in the EMS market across the UK and Europe.
Founded in Enniskillen, Northern Ireland, Elite has established itself as a trusted name in the EMS industry, known for delivering high-quality, advanced electronics manufacturing services. With this acquisition, Elite integrates CB Technology’s 25 years of industry expertise, particularly in sectors such as oil and gas and power monitoring. This move enhances Elite’s capabilities, allowing the company to serve a broader range of industries and expand its footprint in the competitive electronics manufacturing sector.
The acquisition of CB Technology is key for Elite, giving the group a second manufacturing site and a strategic foothold within mainland UK. The combined entity will benefit from shared market intelligence, expanded resources, and increased manufacturing capabilities, positioning Elite as a powerhouse in the EMS market with revenues exceeding £50 million.
This acquisition marks the first step in Elite’s ambitious buy-and-build journey, aimed at driving growth through strategic acquisitions and partnerships. With the strategic backing of Lonsdale Capital Partners, Elite’s acquisition of CB Technology sets the stage for significant value creation and long-term growth. The combined expertise, resources, and market reach of the two companies will enable Elite to continue delivering innovative solutions and exceptional service to customers across the globe.
We are thrilled to welcome CB Technology to the Elite family. This acquisition marks a significant step forward in our journey to become a global leader in EMS. CB has built an outstanding reputation for delivering excellence in manufacturing, and by joining forces, we will be able to offer our customers an enhanced level of innovation, quality, and flexibility. Our combined capabilities will enable us to drive growth, create new opportunities, and better serve our clients in an increasingly competitive and fast-paced industry.Jonathan Balfour, CEO of Elite
We are thrilled to back Elite in this strategic acquisition. By joining forces with CB Technology, Elite is well-positioned to accelerate its growth trajectory and enhance its service offerings across key industries. This partnership underscores our confidence in Elite’s future and its potential for continued success.Stefan Smith, Investment Director at Lonsdale
