PhotonStar Acquires EMS Firm Camtronics

▤ Summary

PhotonStar LED Group acquired EMS firm Camtronics Vale in a deal worth up to £375,000. The acquired company reported £1.6 million in sales and a small profit before tax, though EBITDA was negative excluding a loan waiver credit. PhotonStar said the deal strengthens its technical capability in surface-mount electronics and helps reduce planned capital equipment spending. The acquisition also gives PhotonStar a larger manufacturing base as it expands in LED lighting.

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