Acquisition of Tohoku Solutions

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On December 1st 2021, SVI officially acquired Tohoku solutions – a landmark event which was celebrated at the factory in Ayutthaya, 1 hour north of the headquarters in Bangkok.

Tohoku Solutions has 900 dedicated employees, who bring significant expertise in manufacturing precision metal and plastic parts, as well as mechanical assembly. This will greatly enhance the current portfolio of services offered by SVI. With a long history of servicing the Japanese customers and international Tier 1 and Tier 2 automotive markets, the company has a very strong foundation in terms of a highly disciplined production processes, quality control, and is certified to the highest standards.

The acquisition of Tohoku Solutions marks a milestone for SVI, as it significantly expands the vertical capabilities of the company, complementing the existing solutions in cable assembly, PCBA and box-build solutions – and allowing our customers to have a 1-stop solution for their electronics manufacturing requirements. With the ideal location close to SVI’s current operations in Bangkok, Tohoku Solutions and SVI will, together, have the ability to offer a seamlessly integrated and competitive solution in South East Asia for customers worldwide.

With customers across Europe, Asia and America, and a manufacturing footprint ideally suited to cater to customer’s requirements in a time of supply chain disruption, the acquisition of Tohoku Solutions adds another strong cornerstone to the portfolio of services offered by SVI to all customers.

Mr. Pongsak Lothongkam, the major shareholder of SVI who also presided over the ceremony, states:

“Today marks a great day for SVI, as we welcome 900 new colleagues to the SVI family – we are very excited for you to join us on the exciting journey ahead for our company. The expertise and dedication I have seen in Tohoku Solutions are exceptional, and I am confident that this acquisition will greatly complement our current offerings and expand our value proposition to our customers.”

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