Avalon Technologies and Zollner Elektronik AG formed a joint venture to manufacture PCB assemblies, box-built units and system integration products in India. Zollner will initially hold 51%, with Avalon having an option to buy an additional 2% after three years of commercial production.
Avalon Technologies and Zollner Elektronik signed a joint venture agreement to establish Zollner Avalon Private Limited in India. Zollner will initially own 51% and Avalon 49%, with Avalon having an option to acquire an additional 2% to become majority owner. The venture will focus on PCBA manufacturing, system building, testing, and related services.
German industrial group Zollner Elektronik AG announced an investment of more than 51 million Tunisian dinars in a high-tech project at NOVATION CITY in Sousse, Tunisia, aiming to create around 3,400 jobs by 2030. The announcement was made on April 28, 2025.
Zollner Elektronik will invest $18 million to expand its manufacturing operations in Danville and its US headquarters in Loudoun County, Virginia, creating 100 new jobs.
Zollner Elektronik AG has sold the Sourceability Group, a global distributor of electronic components, to CrowdOut Capital LLC and CO Long Term Equity Fund I LP, a US family office.
Zollner Elektronik AG acquired the Electronic Manufacturing Services division of Electronic Instrumentation & Technology (EIT), adding three US east coast locations in Salem NH, Leesburg VA, and Danville VA to its manufacturing footprint.
| Site | Largest | Latest |
|---|---|---|
| Sousse, Tunisia | $16.5M | 2025-04-28 |
| Danville and Loudoun County, United States | $18.0M | 2023-03-15 |