Today innovation is key, and strategic acquisitions stand as a testament to the expansive vision of businesses. A striking example of this is the recent acquisition by BYD's electronics subsidiary of Jabil's mobile electronics manufacturing sector in China for a staggering $2.2 billion.
This deal isn't just about numbers and businesses changing hands. It's about BYD Electronic (BE) stretching its tentacles, expanding its customer base, and diversifying its product portfolio in the smartphone components domain. While Jabil, rooted in Singapore and known for its prowess in manufacturing printed circuit boards, sets up newer bases, its businesses in Chengdu and Wuxi find a new home with the Chinese conglomerate.
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