Flextronics and Raymarine Enter Into Five Year Outsourcing Relationship
Saturday, August 13, 2005
From Prnewswire
The value of the agreement is estimated at approximately US$ 500 million over a five-year period.
Flextronics , a global leading Electronics Manufacturing Services (EMS) provider and Raymarine, one of the world's largest suppliers of marine electronic products to the leisure boating market, today announced an agreement whereby Flextronics will provide vertically integrated manufacturing services to Raymarine.
The services, which will be provided initially through Flextronics'Hungary facility, will include printed circuit board assembly, box build, plastics, metals, printed circuit board, logistics, and test engineering services. The value of the agreement is estimated at approximately US$ 500 million over a five-year period. Flextronics will not assume any Raymarine buildings or assets, and no employees of Raymarine will be transferred to Flextronics.
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