Acquisition of Sprague Magnetics Inc - NCE News
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Acquisition of Sprague Magnetics Inc

NCE Group has agreed to acquire certain assets and IP of Sprague Magnetics Inc., a repair services provider based in Sylmar, CA.

El Cajon, CA. July 25, 2013 

National Customer Engineering (NCE), a leading independent provider of supply chain and data center services has agreed to acquire certain assets and IP of Sprague Magnetics Inc., a repair services provider based in Sylmar, CA.

The acquisition, expected to close the end of July 2013, will allow Sprague Magnetics Inc’s customers to have access to the full range of NCE’s supply chain offerings including repair, spare parts, engineering, national on-site services, 24/7 Technical support desk, and logistics services. NCE will service Sprague Magnetics Inc’s customers from their state of the art, ISO9001/14001 certified facilities in the US and UK. NCE plans to maintain the full suite of Sprague Magnetics Inc’s current service capabilities and is employing key individuals from Sprague Magnetics Inc. to assure a seamless transition to NCE as a service provider.

This deal will strengthen NCE’s service portfolio with additional engineering and technical assets, while existing Sprague Magnetics Inc. customers will experience no interruptions to their existing services and will gain access to expanded capabilities through a business relationship with NCE. 
Sprague Magnetics Inc. adds several significant benefits to the NCE repair portfolio, including:

  • Unique LTO head refurbishment technology and processes 
    Among independent repair providers in the US and EMEA, there is little doubt that Sprague Magnetics Inc., has superior head refurbishment technology for LTO and other leading head designs. This will enable NCE to better control the end-to-end repair process and reduce costs. 

  • New lines of business 
    Sprague Magnetics Inc. has a business focus in Aerospace, providing customized spare parts and repair services for in-flight entertainment systems found on many commercial airlines today. Leading Aerospace customers include such household names as Rockwell Collins and British Airways. Additionally, Sprague provides unique media and head analysis services to leading tape media companies.
  • A highly complementary customer base
    NCE and Sprague have little overlap in their respective customer bases, and NCE expects to realize significant revenue gains as part of this transaction. NCE and Sprague have been proactively meeting with key Sprague Magnetics Inc’s customers over the past few weeks to address transition details of their business to NCE’s facilities.

For any questions, please direct US inquiries to Pete Paisley at 619-212-3026 / paisleyp@ncegroup.com, or Gary Moore, 619-212-3000 / mooreg@ncegroup.com For European inquiries please contact Jon Woodward at +44(0)1249 824117 / woodwardj@nceeurope.com, or Chrissy Halliday, +44 (0)1249 824153 / hallidayc@nceeurope.com


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