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Strategies & Market Trends : Electronic Contract Manufacture (ECM) Sector -- Ignore unavailable to you. Want to Upgrade?

To: Pierre who wrote (2009)	4/16/1999 11:46:00 AM
From: 18acastra	Read Replies (3) \| Respond to of 2542

It is an electromechanical-enclosure manufacturer, so different than run of the mill ECM that does PCBA assembley. COmpetitive advantage is that they are $1bb in revenue and global in a very fragmented industry with a lot of mom&pop businesses that can't offer global mfg. and engineering capability, so APW will take a ton of share from these guys and consolidat the industry. Given it is a $20bb industry (and growing at 10% organically as they do high end networking, telecomm and storage enclosures [emc is one of largest customers]), there is a lot of share for them to take. Just like we have seen in the ECM industry, the global players grow rapidly and gain share at the expense of smaller, non-global competitors that have less to offer their customers.