Jabil to Acquire Telmar Network Technology

Jabil Circuit, Inc. (NYSE: JBL) today announced that it has entered into an agreement to acquire Telmar Network Technology, Inc., a provider of complex reverse logistics, repair services, technical support, and spare parts management solutions for communication network service providers, enterprise and original equipment manufacturers worldwide.

“We are very pleased to announce this transaction with Telmar,” said Hartmut Liebel, Executive Vice President and CEO of Jabil Aftermarket Services. “This acquisition supports Jabil's strategic commitment to expand our Diversified Manufacturing Services segment and we believe our combined forces will strengthen the depth and scope of Jabil's Aftermarket Services business.”

Specializing in the communications and networking markets, Telmar recorded fiscal 2010 revenue of approximately $145 million. The Telmar business will be incorporated within Jabil's Diversified Manufacturing Services segment.