Spinoffs & Takeovers Hotline – Friday, October 1, 2021
Article Excerpt
CELESTICA INC., $11.70, symbol CLS on Toronto, is a contract manufacturer that makes a variety of electronic devices on behalf of other companies. These products include cellphones, computers, modems, routers, television sets, video-game consoles and industrial and health-care equipment.
Based in Toronto, the company has more than 6.5 million square feet of manufacturing space. The Asia/Pacific region accounts for 70% of its manufacturing footprint, with the Americas and EMEA (Europe, Middle East, and Africa) accounting for the rest.
Celestica continues to transform itself from predominantly a manufacturer of low-profit margin products to a maker of higher-profit engineering-focused contracts.
The low-profit products include routers, switches, datacentre servers, storage-related products and so on. The high-profit offerings include full product development in high-growth areas such as telematics, human machine interface (HMI), Internet of Things (IoT) and embedded systems. These products typically have much longer product life cycles and include every stage of product development—from the drawing board to full-scale production and after-market services.
As part of that…
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