Parlex Corporation, a world leader in the design and manufacture of flexible interconnect products, announced Thursday that it has entered into a definitive agreement to be acquired by Johnson Electric Holdings Limited. The offer of $6.75 per common share is valued at approximately $74.6 million. Johnson Electric Capital is the investment arm and a wholly-owned subsidiary of Johnson Electric Holdings Limited, a world leader in the design and manufacture of micro motors and motor systems. The Johnson Electric Group, headquartered in Hong Kong, has annual revenues in excess of $1.1 billion and employs approximately 33,000 people in 15 countries worldwide.
