MFS Technology (S) Pte Ltd.
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MFS Technology (S) Pte Ltd. - overview
Established
1988
Location
Singapore, -, Singapore
Primary Industry
Electronics
About
MFS Technology Singapore Pte Ltd is a Singapore-based company specializing in the design and manufacture of advanced printed circuit applications for various industries, including automotive, medical, and telecommunications. Founded in 1988 in Singapore, MFS Technology Singapore Pte Ltd focuses on printed circuit applications, providing tailored solutions to global clients. The company has completed 4 deals with the most recent deal occurring on July 26, 2023, when it was acquired in a TRADE SALE for SGD 600. 00 mn by Victory Giant Technology (HuiZhou) Co.
, Ltd. , enhancing their product diversification. MFS specializes in designing and manufacturing advanced printed circuit applications, including Flexible Printed Circuits (FPC), Printed Circuit Boards (PCB), and Rigid Flex circuits. Their products cater to over 200 global blue-chip multinationals across various sectors such as Automotive, Industrial, Medical, Consumer Electronics, Telecommunications, Mobile, and Aerospace.
The company emphasizes Early Supplier Involvement (ESI) to effectively address clients' unique challenges and applications. In the most recent financial year of 2023, MFS reported a revenue of SGD 57. 86 mn and an EBITDA of SGD 16. 58 mn.
The company generates revenue through a B2B model, serving multinational corporations with customized printed circuit applications, often involving direct contracts and project-based pricing. Following the acquisition on July 26, 2023, MFS Technology Singapore Pte Ltd plans to leverage Victory Giant Technology's resources for product diversification. The company aims to introduce new products in the coming year and expand its market presence, particularly in Asia and North America, enhancing its existing global reach. The recent acquisition will support these initiatives by providing an influx of capital and strategic direction.
Primary Industry
Electronics
Sub Industries
Electronic Components, Integrated Circuits
Website
www.mfstech.com.sg
Verticals
Manufacturing
Company Stage
Mature
Total Amount Raised
Subscriber access only
MFS Technology (S) Pte Ltd. - timeline of key events
MFS Technology (S) Pte Ltd. - financials
| Fiscal Year Ended | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 75,627,716.418 | 51,698,241.593 | 28,381,290.053 | 32,618,162.906 | 237,143,000 | 239,898,000 | 240,491,000 | 280,515,000 | - | - | - |
| % Revenue Growth (YoY) | - | (31.6%) | (45.1%) | 14.9% | 627.0% | 1.2% | 0.2% | 16.6% | - | - | - |
| EBITDA (USD) | 920,314.525 | 11,423,966.993 | 34,358,633.906 | 11,964,692.221 | 33,332,000 | 35,544,000 | 26,629,000 | 38,907,000 | - | - | - |
| Operating Income (USD) | 784,190.656 | 11,315,315.79 | 34,250,055.373 | 11,913,896.94 | 26,474,000 | 28,368,000 | 17,711,000 | 27,257,000 | - | - | - |
| Operating Margin | 1.0% | 21.9% | 120.7% | 36.5% | 11.2% | 11.8% | 7.4% | 9.7% | - | - | - |
| % EBITDA Margin | 1.2% | 22.1% | 121.1% | 36.7% | 14.1% | 14.8% | 11.1% | 13.9% | - | - | - |
| NET Income (USD) | 570,608.724 | 10,751,808.9 | 33,629,295.479 | 10,692,726.211 | 21,628,000 | 22,244,000 | 14,518,000 | 22,801,000 | - | - | - |
| % Net Margin | 0.8% | 20.8% | 118.5% | 32.8% | 9.1% | 9.3% | 6.0% | 8.1% | - | - | - |
MFS Technology (S) Pte Ltd. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | MFS Technology (S) Pte Ltd. | - | ||||||||
| Secondary Buyout | Completed | MFS Technology (S) Pte Ltd. | - | ||||||||
| Buyout | Completed | MFS Technology (S) Pte Ltd. | - |
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MFS Technology (S) Pte Ltd. - employee data
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