SMTC Corporation: Difference between revisions
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Its Cork based plant was closed down suddenly in 2002 leaving 200 workers shocked. |
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| name = SMTC Corporation |
| name = SMTC Corporation |
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| logo = |
| logo = |
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| type = [[Public company|Public]] |
| type = Private (since 2021)<br>[[Public company|Public]] (2000-21) |
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| traded_as = {{NASDAQ|SMTX}} |
| traded_as = {{NASDAQ was|SMTX}} (2000-21) |
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| foundation = [[Toronto|Toronto, Ontario]], [[Canada]] (1985) |
| foundation = [[Toronto|Toronto, Ontario]], [[Canada]] (1985) |
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| location = [[Markham, Ontario]] |
| location = [[Markham, Ontario]] |
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* July 21, 2000 - [[Initial public offering|IPO]] |
* July 21, 2000 - [[Initial public offering|IPO]] |
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* November 2000 - acquired Qualtron Teoranta of [[County Donegal|Donegal]], [[Ireland]], and subsidiary in [[Haverhill, Massachusetts]] |
* November 2000 - acquired Qualtron Teoranta of [[County Donegal|Donegal]], [[Ireland]], and subsidiary in [[Haverhill, Massachusetts]] |
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* March 2002 - Closed down its Cork City, Ireland manufacturing plant with the loss of 200 jobs due to its main customer going into administration. <ref>https://www.irishtimes.com/news/120-jobs-lost-as-cork-electronics-firm-closes-1.417073</ref> |
* March 2002 - Closed down its Cork City, Ireland manufacturing plant with the loss of 200 jobs due to its main customer going into administration. <ref>{{Cite news|url=https://www.irishtimes.com/news/120-jobs-lost-as-cork-electronics-firm-closes-1.417073|title = 120 jobs lost as Cork electronics firm closes| newspaper=[[The Irish Times]] }}</ref> |
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* August 2003 - Sold EMS company, Pensar Electronics Solutions of [[Appleton, Wisconsin]] back to the original owners. The original owners decided to buy the company back after hearing plans that SMTC was planning on shutting the plant down. |
* August 2003 - Sold EMS company, Pensar Electronics Solutions of [[Appleton, Wisconsin]] back to the original owners. The original owners decided to buy the company back after hearing plans that SMTC was planning on shutting the plant down. |
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| ⚫ | *February 2010 - SMTC regained compliance with [[NASDAQ|Nasdaq]] requirements, after Nasdaq notified the company for failing to maintain a minimum bid price of $1.00 on September 15, 2009.<ref>{{cite web|url=http://cn.reuters.com/article/pressRelease/idUS224771+03-Feb-2010+PRN20100203?symbol=SMTX.OQ|archive-url=https://archive.today/20130615222641/http://cn.reuters.com/article/pressRelease/idUS224771+03-Feb-2010+PRN20100203?symbol=SMTX.OQ|url-status=dead|archive-date=June 15, 2013|title=SMTC Regains Compliance with Nasdaq Minimum Bid Price Requirements|date=Feb 4, 2010}}</ref> |
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*November 8, 2018 - acquires contract manufacturer MC Assembly <ref>https://ir.smtc.com/press-releases/detail/185/smtc-corporation-acquires-mc-assembly-holdings-inc-in</ref> |
*November 8, 2018 - acquires contract manufacturer MC Assembly <ref>{{Cite web|url=https://ir.smtc.com/press-releases/detail/185/smtc-corporation-acquires-mc-assembly-holdings-inc-in|title=SMTC Corporation}}</ref> |
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*April 2021 - [[H.I.G. Capital]] acquired SMTC for US $172 million and its stock was delisted from Nasdaq.<ref>{{cite press release |url= http://www.globenewswire.com/news-release/2021/04/05/2204340/0/en/SMTC-Corporation-Announces-Completion-of-Investment-by-H-I-G-Capital.html |title=SMTC Corporation Announces Completion of Investment by H.I.G. Capital |date=April 5, 2021 |agency =[[GlobeNewswire]] |publisher= SMTC Corporation}}</ref> |
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==Operations== |
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==External links== |
==External links== |
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{{DEFAULTSORT:Smtc Corporation}} |
{{DEFAULTSORT:Smtc Corporation}} |
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[[Category:Companies listed on |
[[Category:Companies formerly listed on the Nasdaq]] |
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[[Category:Electronics companies of Canada]] |
[[Category:Electronics companies of Canada]] |
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[[Category:Companies based in Markham, Ontario]] |
[[Category:Companies based in Markham, Ontario]] |
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Latest revision as of 20:02, 17 November 2022
| Company type | Private (since 2021) Public (2000-21) |
|---|---|
| Nasdaq: SMTX (2000-21) | |
| Industry | Electronics |
| Founded | Toronto, Ontario, Canada (1985) |
| Headquarters | Markham, Ontario |
Key people | Ed Smith (President and (CEO) |
| Products | Electronics manufacturing services |
| Revenue |  US$ 296.3 Million USD (2012)[1] |
| US$ 7.542.7 Million USD (2012) | |
Number of employees | 2300 (2012) |
| Website | www.smtc.com |
SMTC Corporation (Surface Mount Technology Centre), founded in 1985, is a mid-size provider of end-to-end electronics manufacturing services (EMS) including PCBA production, systems integration and comprehensive testing services, enclosure fabrication, as well as product design, sustaining engineering and supply chain management services. SMTC facilities span a broad footprint in the United States, Canada, Mexico, and China, with more than 2,300 employees. SMTC services extend over the entire electronic product life cycle from the development and introduction of new products through to the growth, maturity and end-of-life phases. SMTC offers fully integrated contract manufacturing services with a distinctive approach to global original equipment manufacturers (OEMs) and emerging technology companies primarily within industrial, computing and communication market segments. SMTC was recognized in 2012 by Frost & Sullivan with the Global EMS Award for Product Quality Leadership and 2013 with the North American Growth Leadership Award in the EMS industry, as one of the fastest growth companies in 2012.
History
[edit]- 1985 - Surface Mount founded in Toronto, Ontario
- 1990 - HTM established in Denver, Colorado
- 1997 - acquires Ogden Atlantic Design in Charlotte, North Carolina
- July 1999 - merger of Surface Mount and HTM
- 1999 - purchased Zenith Electronics' facility in Chihuahua, Mexico, SMTC's only site with unionized employees[1]
- September 1999 - acquired W. F. Wood of Boston, Massachusetts
- July 2000 - acquired EMS company, Pensar Electronic Solutions of Appleton, Wisconsin
- July 21, 2000 - IPO
- November 2000 - acquired Qualtron Teoranta of Donegal, Ireland, and subsidiary in Haverhill, Massachusetts
- March 2002 - Closed down its Cork City, Ireland manufacturing plant with the loss of 200 jobs due to its main customer going into administration. [2]
- August 2003 - Sold EMS company, Pensar Electronics Solutions of Appleton, Wisconsin back to the original owners. The original owners decided to buy the company back after hearing plans that SMTC was planning on shutting the plant down.
- February 2010 - SMTC regained compliance with Nasdaq requirements, after Nasdaq notified the company for failing to maintain a minimum bid price of $1.00 on September 15, 2009.[3]
- November 8, 2018 - acquires contract manufacturer MC Assembly [4]
- April 2021 - H.I.G. Capital acquired SMTC for US $172 million and its stock was delisted from Nasdaq.[5]
External links
[edit]References
[edit]- ^ a b "SMTC Corporation, Form 10-K" (PDF). 2012-03-28. Retrieved 2012-03-28.
- ^ "120 jobs lost as Cork electronics firm closes". The Irish Times.
- ^ "SMTC Regains Compliance with Nasdaq Minimum Bid Price Requirements". Feb 4, 2010. Archived from the original on June 15, 2013.
- ^ "SMTC Corporation".
- ^ "SMTC Corporation Announces Completion of Investment by H.I.G. Capital" (Press release). SMTC Corporation. GlobeNewswire. April 5, 2021.
