PMGC signs LOI to acquire electronics contract manufacturing company

PMGC (ELAB) Holdings announced the signing of a non-binding Letter of Intent to acquire a U.S.-based, cash-flow positive electronics contract manufacturing company with over 40 years of operational history. Established in the 1980s, the Target company is a full-service provider of high-precision electronics manufacturing and assembly services. With core capabilities, including electrical and mechanical assembly, printed circuit card assembly and functional testing, and electronic component testing, the Target serves a range of commercial and industrial clients. It also supports small-batch production and prototyping, offering both consignment and turnkey solutions. The Target generated approximately $699,000 in revenue and $173,000 in adjusted EBITDA in 2024. This acquisition aligns with PMGC’s approach of acquiring US based, fundamentally strong businesses with durable cash flow and growth potential. PMGC Management believes the Target stands out for its longstanding customer relationships and strong control over its operations and manufacturing abilities. The closing of this acquisition is subject to customary conditions, including completion of due diligence, certain corporate approvals, and execution and delivery of definitive documentation