KPS sold Speedline Technologies, Inc. to Illinois Tool Works Inc. in November 2006. Financial terms of the transaction were not disclosed.

Headquartered in Franklin, Massachusetts, Speedline Technologies, Inc. ("Speedline") is a leading global producer of manufacturing equipment and services for the printed circuit board and semiconductor packaging industries. Speedline's four core product lines - MPM®, Electrovert®, Accel®, and Camalot® - and its Protect services together provide a comprehensive product and service line for customers’ Surface Mount Technology (SMT) and Semiconductor Packaging requirements. Speedline has the largest installed base in the SMT industry, and its clients include many of the world's blue-chip electronics companies.

KPS Special Situations Fund II created Speedline to acquire the stock and related assets of Speedline Technologies, Inc. from Cookson Group, PLC.

www.speedlinetechnologies.com


NEWS ARTICLES:

November 8, 2006
KPS Special Situations Funds to Sell Speedline Technologies, Inc. to Illinois Tool Works Inc.

November 17, 2003
"KPS Picks Up Speedline"

November 5, 2003
KPS Special Situations Fund II Completes Purchase of Speedline Technologies


© Copyright 2017, KPS Capital Partners, LP.  485 Lexington Avenue, 31st Floor, New York, NY 10017  |  www.kpsfund.com  |  Contact Us

The information set forth in the materials on this site does not purport to be a complete summary of KPS or its investments. No representation, warranty or undertaking, express or implied, is given as to the accuracy or completeness of the information or opinions contained in such materials. No reliance may be placed for any purpose on the information and opinions contained in such materials or their accuracy or completeness and nothing in such materials may be relied upon in making any investment decision. Certain information on or linked to from this site is furnished by or is derived from materials furnished by outside sources. KPS does not assume responsibility for independent verification of such information and has relied on such information being complete and accurate in all material respects. Any information presented by outside sources represents the understandings and opinions of such outside sources, which may differ from those of KPS.  Any performance information included in any document on or linked to from this site is presented for illustrative purposes only and is not indicative of the future returns of any of the funds managed by KPS and there can be no assurance that such funds will achieve comparable results, be able to avoid losses or be able to implement their investment strategies.