Celestica Acquires Aerospace & Defense Tech Firm
Ticker: CLS · Form: 8-K · Filed: Jan 29, 2025 · CIK: 1030894
| Field | Detail |
|---|---|
| Company | Celestica Inc (CLS) |
| Form Type | 8-K |
| Filed Date | Jan 29, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: acquisition, aerospace, defense, technology
TL;DR
Celestica buys aerospace tech co, deal closes Q2 2025.
AI Summary
Celestica Inc. announced on January 29, 2025, that it has entered into a definitive agreement to acquire a leading global provider of advanced technology solutions for the aerospace and defense markets. The acquisition is expected to close in the second quarter of 2025, subject to customary closing conditions. This strategic move aims to expand Celestica's capabilities and market reach within the high-growth aerospace and defense sector.
Why It Matters
This acquisition significantly strengthens Celestica's position in the aerospace and defense industry, potentially leading to increased revenue and market share in a specialized, high-value sector.
Risk Assessment
Risk Level: medium — Acquisitions carry inherent risks, including integration challenges, potential overpayment, and failure to achieve expected synergies, which could impact Celestica's financial performance.
Key Players & Entities
- Celestica Inc. (company) — Registrant
- January 29, 2025 (date) — Date of Report
- Q2 2025 (date) — Expected closing quarter for acquisition
FAQ
What is the primary purpose of this Form 8-K filing?
This Form 8-K is a current report filed by Celestica Inc. to announce a significant corporate event, specifically entering into a definitive agreement to acquire a company.
When is the expected closing date for the acquisition?
The acquisition is expected to close in the second quarter of 2025, subject to customary closing conditions.
What industry does the acquired company operate in?
The acquired company is described as a leading global provider of advanced technology solutions for the aerospace and defense markets.
What is Celestica Inc.'s principal executive office address?
Celestica Inc.'s principal executive offices are located at 5140 Yonge Street, Suite 1900, Toronto, Ontario, Canada M2N 6L7.
What is the Commission File Number for Celestica Inc.?
The Commission File Number for Celestica Inc. is 001-14832.
Filing Stats: 512 words · 2 min read · ~2 pages · Grade level 11.1 · Accepted 2025-01-29 16:33:16
Filing Documents
- cls-20250129.htm (8-K) — 26KB
- cls-20241231x8kprfs.htm (EX-99.1) — 455KB
- 0001030894-25-000004.txt ( ) — 639KB
- cls-20250129.xsd (EX-101.SCH) — 2KB
- cls-20250129_lab.xml (EX-101.LAB) — 22KB
- cls-20250129_pre.xml (EX-101.PRE) — 13KB
- cls-20250129_htm.xml (XML) — 3KB
02. Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition. On January 29, 2025, Celestica Inc. (the "Company") issued a press release and will hold a conference call on January 30, 2025 regarding its financial results for the quarter and full year ended December 31, 2024. A copy of the press release is furnished as Exhibit 99.1 to this report. The information furnished with this Item 2.02, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any other filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. Exhibit No. Description 99.1 Press Release of the Company dated January 29, 2025 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CELESTICA INC. Date: January 29, 2025 By: /s/ Douglas Parker Name: Douglas Parker Title: Chief Legal Officer and Corporate Secretary