Stellar Microelectronics in Valencia has been acquired by Flextronics, a manufacturer serving the aerospace and defense, automotive and consumer electronics industries. Terms of the deal between Stellar and Flextronics, headquartered in Singapore, were not disclosed. The acquisition gives Flextronics microelectronic design and manufacturing capabilities for customers that need to meet international standards. Stellar is FDA registered and compliant with the International Traffic in Arms Regulations that control the export and import of defense-related services. Stellar is a privately-owned company that dates back to the 1970s and was later purchased by billionaire entrepreneur Alfred Mann. Flextronics, with U.S. headquarters in Milpitas, Calif., is traded on the NASDAQ exchange. Flextronic’s complementary service and reputation in the electronic manufacturing industry is an advantageous match for Stellar’s customers and employees, said CEO Greg Horton. “This transaction will provide Stellar’s customers increased global scale and expanded supply chain leverage along with the benefits of an increased, low-cost global footprint,” Horton said in a prepared statements. Mark R. Madler
