Aerospace Firm Amca Acquires Electrocube
Amca, an aerospace and defense company, has acquired Electrocube, a premier supplier to Boeing based in Pomona, California. The acquisition expands Amca's capabilities into flight-critical power electronics, adding to its portfolio of aerospace components.
- Amca’s strategy is to acquire and modernize legacy American aerospace suppliers, supported by $76.5 million in funding from venture capital firms like Andreessen Horowitz, Founders Fund, and Lux Capital. - The company was co-founded by Eli Giovanetti, a former senior production and engineering leader at SpaceX, and Jai Malik, an investor focused on the aerospace and defense sector. - This is Amca's latest acquisition of a long-standing family-owned business; it previously acquired Electro-Mech Components, a 60-year-old manufacturer of electromechanical avionics products. - Founded in 1961, Electrocube specializes in designing and manufacturing custom passive and power electronic components, including film capacitors, EMI filters, and high-frequency transformers. - Electrocube has been recognized for its performance, receiving the Silver Level of the Boeing Performance Excellence Award in 2018. - The acquisition targets the flight control electronics market, which is projected to grow to over $8.2 billion by 2033, driven by the modernization of aircraft fleets and the emergence of new aviation segments. - Amca focuses on what it calls an "overlooked but essential layer" of the supply chain: critical components like sensors and power units that sit between standardized parts and complete systems.
