Celestica announces five-year strategic manufacturing agreement with Lucent worth up to US$10 billion dollars

Citation

(2001), "Celestica announces five-year strategic manufacturing agreement with Lucent worth up to US$10 billion dollars", Microelectronics International, Vol. 18 No. 3. https://doi.org/10.1108/mi.2001.21818cab.008

Celestica announces five-year strategic manufacturing agreement with Lucent worth up to US$10 billion dollars

Celestica announces five-year strategic manufacturing agreement with Lucent worth up to US$10 billion dollars

Keyword: Celestica

Celestica Inc. has announced that it has entered into a strategic manufacturing agreement with Lucent Technologies. As part of this transaction, Celestica will become Lucent's primary EMS provider and will be acquiring certain inventory, real estate and operating assets.

The deal will include a five-year supply agreement worth up to US$10 billion in total revenue. The purchase price is expected to be between US$550-650 million. Further terms will be disclosed upon the close of the transaction, which is expected to occur before the end of the current quarter, and is subject to normal closing conditions, including regulatory approvals.

This strategic manufacturing agreement will see Celestica become the leading EMS provider for Lucent's North American demand for switching, access and wireless networking systems products. Celestica will provide a spectrum of electronics manufacturing services such as printed circuit board assembly and test; prototype build; system assembly; repair; enclosure; backplane and supply chain management for the current and future generations of these products. A portion of this workload will be transferred to other Celestica facilities around the world.