On July 6, 2021, Electrical Components International announced its acquisition of Promark Electronics Inc. The transaction allows Promark to accelerate its growth in the e-mobility market and expand its manufacturing operations in Montreal. The acquisition also provides the company with the ability to meet increasing demands for commercial electric vehicles.
Promark Electronics Inc. is an electronics manufacturer specializing in wire harnesses and cable and electromechanical assemblies for electric vehicles.
Electrical Components International is a global supplier of wire harness, electrical components and sub-assembly materials for industrial markets.
Osler, Hoskin & Harcourt LLP advised Promark Electronics Inc. with a team consisting of Eric Levy, Matthew Oliver, Calvin Leung, Véronique Fortin-Latreille, Mélanie Séguin (Corporate), Manon Thivierge, Jean-Philippe Dionne (Taxation), Julien Ranger (Employment and Labour) and Caroline Stephens (Real Estate).