Skip to main content
This website uses cookies. By continuing to use this website you are agreeing to our use of cookies as described in our privacy policy.
Client Work

Moventis Capital completes acquisition of PTL Electronics for US$7 million

Fasken
Reading Time 1 minute read Subscribe
Client

Moventis Capital

On November 27, 2006, Moventis Capital, Inc., a buyout and growth management company, announced it had closed the acquisition of electronics manufacturing services (EMS) company, PTL Electronics, Ltd. PTL is now a wholly-owned subsidiary of Moventis. PTL operates within the burgeoning $115 billion EMS sector and provides electronics manufacturing services to a niche market of companies looking to design and produce very high-end and complex products ranging from ultrasound machines to alternative fuel cells. The purchase price for PTL was $7 million, paid in a combination of cash, common shares and convertible debentures. Fasken Martineau advised Moventis Capital in this acquisition with a team comprised of Iain Mant and Deepak Gill.

    Subscribe

    Receive email updates from our team

    Subscribe