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Viking Interworks

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Viking Interworks

Sanmina Corporation
SANM
Industry Electronics Manufacturing Services
Founded 1980
Founder(s) Jure Sola
Headquarters San Jose, California, United States
Key people Jure Sola, Chairman and Chief Executive Officer; Bob Eulau, Executive Vice President and Chief Financial Officer
Revenue $6.32 billion USD (2010) [1]
Employees 43,000 (2013)
Website http://www.sanmina.com/


Sanmina Corporation makes some of the most complex and innovative optical, electronic and mechanical products in the world. Recognized as a technology leader, Sanmina provides end-to-end design, manufacturing and logistics solutions, delivering superior quality and support to Original Equipment Manufacturers (OEMs) primarily in the communications networks, computing and storage, medical, defense and aerospace, industrial and semiconductor, multimedia, automotive and clean technology sectors.

History

SCI was founded as "Space Craft Inc." in a basement in Huntsville, Alabama, in 1961 by engineers Olin B. King, Bill Greaver, and Joe Kirk. The company grew into a billion-dollar business by constructing aerospace components. Some of SCI's client companies included Boeing, Sperry, International Business Machines (IBM), Commodore, Thiokol, and Northrop.[2] In the 1990s the firm made Commodore Amiga computers in Scotland for the European market.[3]

The Sanmina company was founded by Milan Mandarić and Jure Sola in 1980, as a printed circuit manufacturer. By the end of the 1980s, the company expanded to backplanes and subassemblies.[4]

Merger and name changes

In December 2001, Sanmina merged with SCI Systems of Huntsville, Alabama for $6 billion in cash, stock, and debt. Although Sanmina was only half as large as SCI at the time, it was in a better cash position because its core telecommunications business was performing well, whereas SCI's lower-margin businesses such as personal computer manufacturing, were struggling.[5] Shortly after, Sanmina-SCI bought E-M Solutions, a Fremont, California electronics manufacturer, for $110 million in cash.[6] Then in early 2002, Sanmina acquired Viking Interworks of Rancho Santa Margarita for $15 million ($10.9 million in cash and 390,000 shares of Sanmina stock worth $10.26 per share at the time).[7]

On Nov. 15, 2012, the company changed its name to Sanmina.[8]

Operations

In 2012 the

References

External links

San Francisco Bay Area portal
Companies portal
  • Corporate website
  • Corporate LinkedIn Company Page

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