Amphenol has agreed to acquire AdvancedPCB, a US maker of high-technology printed circuit boards for defence, aerospace and industrial markets, from private equity firm Industrial Growth Partners, the companies said on 28 October 2026.
Why Amphenol Corporation is buying AdvancedPCB Holdings, LLC
Amphenol said AdvancedPCB, headquartered in Colorado, will join its Harsh Environment Solutions segment. The deal is one of three new agreements Amphenol announced alongside record third-quarter results, as it continues to expand its technology range through acquisitions.
“AdvancedPCB has become a leading independent PCB provider with a differentiated position in defense electronics.”
Deal terms and financing
The price for AdvancedPCB was not disclosed. Amphenol said the combined purchase price for AdvancedPCB, Ireland's Dexgreen, Humanetics Sensors and the already completed Empire Electronics is about US$1.6bn, financed with cash on hand and debt.
Regulatory approvals and timing
The deal requires US regulatory approvals and is expected to close in the fourth quarter of 2026.
Market context
Industrial Growth Partners acquired AdvancedPCB in October 2021 with management and co-investors and expanded it through organic investment and add-on acquisitions. The company, founded in 1977, runs six US facilities.
