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Jan. 31, 2005

EPIC Technologies Acquires Electronics Manufacturing Operations from Siemens

Atlanta, GA — Siemens Energy & Automation, Inc. today announced the completion of the sale of its electronic manufacturing center business located in Johnson City, Tennessee and South Lebanon, Ohio to EPIC Technologies, LLC, a CIVC Partners portfolio company. Terms of the sale were not disclosed.

The Johnson City facility, which Siemens purchased in 1991 from Texas Instruments, employs approximately 400 people. The South Lebanon, Ohio operations were purchased from Eaton Corporation in 2000, and employs approximately 100 employees. All current Siemens employees will transfer their employment to EPIC on February 1, 2005 under existing management.

Siemens had earlier announced its intention to spin-off these operations. The facilities have been used by Siemens to manufacture custom electronic circuit boards and other electronic devices for a wide variety of customers and industries. EPIC will continue contract manufacturing at the facilities and will assume responsibility for Siemens’ current orders. The sale of EMC will not affect remaining Siemens operations in North Johnson City, TN or the Motion Control Systems activities of Siemens located in the South Lebanon, OH facility.

According to Aubert Martin, CEO of Siemens Energy & Automation, Inc., “We set out to find a strategic buyer who could not only grow the electronics contract manufacturing business but also become a strategic partner to Siemens. We found both these qualities in EPIC Technologies. We’re working closely together with EPIC to ensure a seamless transition for employees, customers and suppliers.”

“EPIC Technologies is pleased with the acquisition of the electronics manufacturing capabilities in both Johnson City and South Lebanon, where employees have proven their ability to grow this business over the past few years. We are highly committed to maintaining the level of quality and customer service that EMC established under the Siemens brand and look forward to bringing a high level of lean manufacturing efficiency and EMS industry expertise to these operations.” said John Sammut, President and CEO of EPIC.

EPIC Technologies, a portfolio company of CIVC Partners, L.P., is a full-service provider of customized electronics manufacturing services with headquarters in Rochester Hills, Michigan. The company operates three manufacturing facilities– one in Norwalk, Ohio and two in Juarez, Mexico. EPIC specializes in providing comprehensive solutions, from design to manufacturing, for its customers. These capabilities allow EPIC to support customers’ programs from concept through the full production cycle. Over the last two decades, EPIC has built a reputation of providing world class, high quality electronic manufacturing services to original equipment manufacturers (OEMs) in the industrial control, automotive, specialty products, and medical industries. EPIC’s key differentiator is the focus on lean manufacturing to achieve high throughput velocity and extreme flexibility. More information on EPIC Technologies can be found at www.epictech.com.

CIVC Partners, a Chicago-based private equity firm, manages $1.3 billion of capital on behalf of its limited partners, including Bank of America. CIVC focuses on leveraged buyouts and growth equity investments in the industrial growth, financial services, business services, and media and communications sectors and has been operating since 1970.

For more information, please contact:

CIVC Partners, L.P.
Marcus Wedner
312 873 7320

Press Contact

Patty Walker
CIVC Partners, LP
191 North Wacker Drive
Suite 1100
Chicago, Illinois 60606
Telephone: 312 873 7300
pwalker@civc.com

 
 
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