Amphenol to Acquire AdvancedPCB From IGP
The deal would bring the US high-reliability circuit board maker, founded in 1977, under Amphenol's ownership.
Updated on Nov. 3, 2026 in Semiconductors
Industrial Growth Partners agreed to sell AdvancedPCB to Amphenol. AdvancedPCB is a US maker of high-reliability printed circuit boards serving defence, aerospace and industrial customers.
Why it matters
The transaction would transfer a six-site US circuit board manufacturer to a new owner, subject to US regulatory approval and customary closing conditions. The purchase price has not been disclosed.
AdvancedPCB operates six US manufacturing sites producing high-reliability printed circuit boards. The purchase price and technical product specifications tied to the transaction were not disclosed.
The players
Amphenol
Amphenol is a large US-listed manufacturer of electronic and fiber optic connectors and interconnect systems, and is the prospective buyer of AdvancedPCB.
Industrial Growth Partners
Industrial Growth Partners is a private equity firm that acquired AdvancedPCB in October 2021 and is now selling the company.
The details
AdvancedPCB has grown both organically and through several acquisitions since IGP's 2021 purchase, and its operations have been consolidated under a single brand. The agreement remains subject to US regulatory approval and customary closing conditions.
Timeline
October 2021: Industrial Growth Partners acquired AdvancedPCB together with management and outside co-investors.
November 3, 2026: The sale to Amphenol was announced; closing has not been scheduled.
Market Landscape
The sale reflects continued consolidation among specialized electronics suppliers serving defence and aerospace customers. A larger connector maker acquiring a high-reliability board manufacturer extends vertical integration in that segment.
For consumers, the deal will not change products directly, since AdvancedPCB supplies industrial and defence customers rather than retail buyers. Any effects on customers would depend on how Amphenol integrates the business after regulatory approval.
The takeaway
Consolidation among specialized electronics suppliers can shift ownership quickly, so the closing terms and regulatory outcome will matter more than the headline price, which remains undisclosed.
Further reading
For related coverage, see Semiconductors on Wisevoter.
