San Diego Pulse Electronics Corp. closed its acquisition of Egston Holdings GMBH, an Austria-based company that provides magnetics and cable assemblies to several industries, including the automotive, industrial, power magnetics and electric vehicle markets.
Financial terms of the deal were not disclosed.
The acquired business had 2017 revenue of $87 million, and maintains six facilities in Europe and Asia, with 1,400 employees.
Pulse, based in Carmel Mountain Ranch, also announced unaudited financial results for fiscal 2017, which ended on Dec. 29. The business turned in net income of $34.6 million on revenue of $315 million. In fiscal 2016, the company posted a net loss of $13.9 million on revenue of $286 million.
Mark Twaalfhoven is CEO of Pulse. Affiliates of Oaktree Capital Management L.P. own the company.