Solectron Corporation
NYSE : SLR

Solectron Corporation

June 13, 2005 08:45 ET

Solectron to Acquire ServiceSource Europe Limited; Purchase Expands Company's Global Services Solutions to Top-Tier Customers

MILPITAS, Calif.--(CCNMatthews - Jun 13, 2005) -

Solectron Corporation (NYSE:SLR), a leading provider of electronics manufacturing and integrated supply chain services, today announced that it has acquired ServiceSource Europe Limited (SSE), a UK-based company focused on providing outsourced inventory and logistics solutions covering the supply and repair of electronic parts. SSE offers a complete range of electronic service parts support, from electronic parts brokering to full outsourcing of original equipment manufacturer (OEM) warranty support. A key element of SSE's offering is their capability to buy and sell electronic parts and systems in the open market. As a result, SSE currently manages the timely purchase, sale, and shipment of electronic parts throughout Europe to a diverse set of customers. As Solectron expands and leverages these capabilities beyond Europe, it will continuously improve core areas of business, such as inventory management, parts planning and logistics, repair, and asset recovery. Details of this transaction are not disclosed and are not deemed to be material.

"Demand for outsourced electronics after-market services continues to ramp at a fast pace. The market continually drives us to extend our capabilities to be the one-stop shop for services on a global scale. SSE's knowledge, processes, and speed in materials planning, warranty support, and parts brokering complements our offerings and aligns extremely well with our strategy to be a global full-service provider of after-market solutions," said Craig London, Executive Vice President Strategy, Marketing, Global Services, and Corporate Development.

Solectron Global Services leads the electronics after-market services industry with fully integrated solutions for the entire services supply chain. The company offers its customers key strategic benefits such as market and supply chain expertise, global processes, materials purchasing leverage, seamless knowledge sharing and the ability to scale capabilities, regionally and globally, at more than 20 worldwide locations. From field service, logistics and repair to remanufacturing and asset recovery, Solectron Global Services offers the electronics industry's most comprehensive set of integrated service offerings.

About Solectron

Solectron (www.solectron.com) provides a full range of worldwide manufacturing and integrated supply chain services to the world's premier high-tech companies. Solectron's offerings include new-product design and introduction services, materials management, product manufacturing, and after-market services support. The company is based in Milpitas, Calif., and had sales from continuing operations of $11.64 billion in fiscal 2004.

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