Abracon Acquires ILSI America, Marking its First-Ever Corporate Extension
CEO Insights team , 0
Headquartered at Reno, Nevada, ILSI America has offices in Southern California, Beijing and Hong Kong. A company known for its flexibility & responsiveness, ILSI America delivers turnkey supply chain management solutions, programming services and engineering support worldwide.
Abracon and ILSI America share a commitment to
The organizational strength & sales channel presence of Abracon will broaden our exposure
applied innovation, agile support & service quality. The two companies will merge business operations under Abracon to serve customers even better & channel partner needs.
“The acquisition supports Abracon's strategy to continue expanding its presence as a leader in the timing and synchronization market,” asserts Michael Calabria, CEO, Abracon. He adds to it, “ILSI America brings strong brand recognition and an excellent reputation for service in the electronics industry.”
Commenting on this acquisition, Gary Schmidt, President, ILSI America, says, “We are very excited to be joining the Abracon family.” “The organizational strength & sales channel presence of Abracon will broaden our exposure and allow the ILSI, MMD, Ecliptek and Oscilent brands to flourish in the market,” he concludes.
Gary will continue serving in an executive role & will report to Michael. This integration will be completed by March this year, and would enable the ILSI America brands to furnish their services through Abracon's global distribution network.