MFLEX Acquires Pelikon Limited

Anaheim-based Multi-Fineline Electronix, a provider of flexible printed circuit and component assembly services to the electronics industry, said Tuesday afternoon that it has agreed to acquire Pelikon Limited. Pelikon develops printed segmented electroluminescent (pSELTM) displays and keypads. MFLEX said it will pay approximately $10.7M, in two year promissory notes, for Pelikon, which is headquartered in London. The deal also include $9.43 in possible earnout, dependent on sales milestones. Pelikon's products are used to create reconfigurable keypads for mobile devices, home appliances, and control panels. MFLEX said that Pelikon has 22 employees.