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Celestica history
Celestica company history timeline
1994 Manufacturing unit becomes subsidiary Celestica Inc.
In the end Onex won the prize in October 1996, paying $750 million.
So in 1996, IBM decided to sell Celestica and started to look for potential buyers.
In January 1997 it bought Design to Distribution, a United Kingdom-based company that was one of the largest European contract manufacturers.
The company grew in other ways as well in 1998, establishing Customer Gateway Centres, where customers could take advantage of Celestica's design prototyping capabilities and set the table for the launch of new products manufactured by Celestica.
To recoup some of its investment and provide Celestica with cash to fuel further expansion, Onex made plans to take Celestica public in 1998, inviting 11 top North American investment houses to bid for the business.
Celestica returned to the public market, raising additional capital in 1999 to fund expansion.
Revenues for 2000 totaled $9.8 billion, but just as the $10 billion target appeared in the company's sights, business conditions soured, creating what Polistuk would call the "perfect tech storm."
In the year 2000, the company partnered with Motorola for the manufacturing of wireless telecom products.
Also in 2001, Celestica acquired Omni Industries Ltd., a Singapore-based contract manufacturer.
Opened a new manufacturing facility in Suzhou, China, further expanding Asian presence.On June 30, 2003, celebrated Celestica’s 5th anniversary as a public company.
Sales continued to drop in 2003, declining 19 percent to $6.7 billion.
In April 2004, Stephen Delaney took over as CEO in a temporary capacity.
Business conditions remained quite challenging in 2004.
After reporting a first quarter loss in 2004, Celestica cut its work force about 13 percent.
Demand began to rebound in 2004 and as a result sales increased to $8.8 billion in 2004, but business had not yet returned to normal.
With the acquisition of Manufacturers’ Services Limited (MSL) in 2004, Celestica was able to reach an even more expanded customer base.
For the year 2005 revenues fell slightly to $8.5 billion.
In 2005, the company acquired the flat-panel display repair services provider Displaytronix, followed by the acquisition of CoreSim, a leader in advanced design analysis and redesign services.
In 2008 Celestica partnered with Microsoft to develop the BEE3 platform prototypes.
Received the 2009 North American Market Leadership Award in the Aerospace and Defense Electronics Manufacturing Services (EMS) market from Frost & Sullivan.
Named to the 2011 InformationWeek 500 List of Top Technology Innovators across North America for our custom Manufacturing Execution System.
Received both the 2012 EMS Partner Operational Excellence and Excellence in Partner IT Collaboration Awards from Cisco, which were presented during Cisco's 21st Annual Supplier Appreciation Event.
Received Diebold’s 2013 Platinum Award for Supplier Excellence in recognition for achieving excellence in operational performance, quality and continuous improvement on a global basis.
Received EMC’s 2013 Supplier of the Year Award in recognition of our development of innovative solutions in support of EMC’s business goals and continued operational excellence throughout its network.
Recipient of the 2013 James S. Cogswell Outstanding Industrial Security Achievement Award from the Defense Security Service (DSS), an agency of the United States Department of Defense (DoD).
Proudly celebrated our 20th anniversary as a company on January 3, 2014.
Received Juniper Network’s 2014 Supplier of the Year Award.
Named one of Canada’s Best 50 Corporate Citizens for 2014 by Corporate Knights, an organization dedicated to encouraging responsible business practices.
Named to the 2015 Global 100 Most Sustainable Corporations in the World (Global 100) Index by Corporate Knights.
He was appointed as the CEO of the company in 2015.
Named to the 2016 Global 100 Most Sustainable Corporations in the World (Global 100) Index by Corporate Knights.
As of 2018, the company’s annual revenue was US$ 6.6 billion, and 28000 employees are serving the company worldwide.
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Celestica competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Maxim Integrated | 1983 | $2.6B | 7,100 | 1 |
| Esterline | 1967 | $2.0B | 12,001 | - |
| Danaher | 1969 | $23.9B | 80,000 | 1,789 |
| Synaptics | 1986 | $959.4M | 1,463 | 7 |
| Eaton | 1911 | $24.9B | 92,000 | 2,148 |
| McKesson | 1833 | $309.0B | 80,000 | 492 |
| Fortive | 2016 | $6.2B | 17,000 | 286 |
| Solectron Corp | 1977 | $26.4B | 59,000 | 243 |
| SMTC | 1985 | $296.3M | 2,300 | - |
| CGI Inc. | - | $9.1B | - | 1,073 |
Celestica history FAQs
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Celestica may also be known as or be related to CELESTICA INC, Celestica, Celestica Aerospace Technologies Corp., Celestica Corporation and Celestica Inc.