Founded in 1983, Victron, Inc. (Victron) is a leading specialty provider of Electronic Manufacturing and Supply Chain Management services to a variety of Original Equipment Manufacturers (OEMs) in the communications, networking, medical, automotive, consumer and wireless industries. Unicorn’s acquisition of an 80% equity stake in Victron will help to support the company’s planned expansion in selective overseas markets.
Victron builds over 400 types of assemblies/products for its customers, providing the full range of EMS services from circuit board assembly to full box-build. The company’s service offerings include: Printed circuit board assembly; design for manufacturability; design for test; final assembly/box build; consigned and turnkey project management; quick-turn prototype and new product introduction services; packout; materials management; and an internally-developed and state-of-the-art Material Requirements Planning (MRP) system. Approximately 30% of the company’s business is in full box-build where the OEM merely brands the finished product or “box” delivered by the EMS company.
Victron’s unique proprietary software allows the company to integrate its operations with those of its parts suppliers and customers. This system is at the core of Victron’s highly efficient operations, allowing the company to minimize inventory and operating costs and offer customers a one-day manufacturing cycle.
The company has achieved much of recent growth by adding new products and volume from existing key customers. Unicorn sees significant opportunity to grow Victron’s business organically by marketing more aggressively to potential new customers. By some estimates, there is approximately US$1 billion in untapped high-mix electronics spend in California alone. Unicorn also intends to work with Victron’s management team to explore international expansion opportunities in selective markets.
